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$396,875$396,875$445,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$48,625$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.390%7.560%
1st payment$2,323.63$2,323.63$3,060.28
2nd payment$0.00$364.69$0.00
Taxes / mo$261.97$261.97$261.97
Insurance / mo$166.67$166.67$166.67
MI / mo$299.07$299.07$89.10
HOA / mo$16.67$16.67$16.67
Total monthly$3,068.00$3,432.69$3,594.68
Cash to close$98,125$49,500$49,500