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$328,943$328,943$373,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$44,557$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.226%7.640%
1st payment$1,894.92$1,894.92$2,586.04
2nd payment$0.00$334.18$0.00
Taxes / mo$219.30$219.30$219.30
Insurance / mo$150.00$150.00$150.00
MI / mo$250.03$250.03$74.70
HOA / mo$20.83$20.83$20.83
Total monthly$2,535.08$2,869.26$3,050.87
Cash to close$86,057$41,500$41,500