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$303,953$303,953$378,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$74,047$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.451%7.560%
1st payment$1,747.39$1,747.39$2,596.60
2nd payment$0.00$555.35$0.00
Taxes / mo$240.50$240.50$240.50
Insurance / mo$150.00$150.00$150.00
MI / mo$231.09$231.09$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,368.99$2,924.34$3,062.70
Cash to close$116,047$42,000$42,000