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$325,749$325,749$427,500
Remaining term (yrs)18.718.730.0
Secondary amount$0$101,751$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.729%7.640%
1st payment$2,083.07$2,083.07$2,959.92
2nd payment$0.00$678.34$0.00
Taxes / mo$170.25$170.25$170.25
Insurance / mo$166.67$166.67$166.67
MI / mo$302.81$302.81$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,722.80$3,401.14$3,382.34
Cash to close$149,251$47,500$47,500