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$315,037$315,037$337,050
Remaining term (yrs)25.625.630.0
Secondary amount$0$40,738$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.628%7.560%
1st payment$1,833.35$1,833.35$2,315.30
2nd payment$0.00$403.14$0.00
Taxes / mo$217.67$217.67$217.67
Insurance / mo$150.00$150.00$150.00
MI / mo$239.18$239.18$67.41
HOA / mo$179.00$179.00$179.00
Total monthly$2,619.20$3,022.34$2,929.38
Cash to close$59,463$18,725$37,450