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$156,771$156,771$378,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$221,229$0
Funding fee$0$0$0
Note rate4.470%4.470%7.400%
Blended rate5.320%6.742%7.640%
1st payment$938.14$938.14$2,617.20
2nd payment$0.00$1,428.77$0.00
Taxes / mo$328.38$328.38$328.38
Insurance / mo$150.00$150.00$150.00
MI / mo$131.61$131.61$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,548.13$2,976.90$3,171.18
Cash to close$263,229$42,000$42,000