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$319,565$319,565$396,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$76,435$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.812%7.560%
1st payment$1,515.61$1,515.61$2,720.25
2nd payment$0.00$573.26$0.00
Taxes / mo$108.33$108.33$108.33
Insurance / mo$150.00$150.00$150.00
MI / mo$255.94$255.94$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,029.89$2,603.16$3,057.78
Cash to close$120,435$44,000$44,000