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$300,470$300,470$315,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$32,030$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.900%7.640%
1st payment$1,815.89$1,815.89$2,181.00
2nd payment$0.00$316.96$0.00
Taxes / mo$100.17$100.17$100.17
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,292.10$2,609.06$2,494.16
Cash to close$49,530$17,500$35,000