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$304,363$304,363$359,999
Remaining term (yrs)25.625.630.0
Secondary amount$0$55,636$0
Funding fee$0$0$0
Note rate4.980%4.980%7.320%
Blended rate5.830%6.320%7.560%
1st payment$1,749.75$1,749.75$2,472.94
2nd payment$0.00$417.27$0.00
Taxes / mo$416.17$416.17$416.17
Insurance / mo$150.00$150.00$150.00
MI / mo$231.41$231.41$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,547.32$2,964.59$3,111.11
Cash to close$95,636$40,000$40,000