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$355,112$355,112$517,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$162,388$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.602%7.640%
1st payment$2,385.40$2,385.40$3,583.07
2nd payment$0.00$1,082.59$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$166.51$166.51$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,197.74$4,280.33$4,332.40
Cash to close$219,888$57,500$57,500