Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$348,473$348,473$378,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$29,527$0
Funding fee$0$0$0
Note rate5.890%5.890%7.240%
Blended rate6.740%6.917%7.480%
1st payment$2,181.61$2,181.61$2,576.06
2nd payment$0.00$221.45$0.00
Taxes / mo$40.83$40.83$40.83
Insurance / mo$150.00$150.00$150.00
MI / mo$260.81$260.81$75.60
HOA / mo$4.17$4.17$4.17
Total monthly$2,637.43$2,858.89$2,846.67
Cash to close$71,527$42,000$42,000