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$315,844$315,844$396,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$80,156$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.300%6.049%7.640%
1st payment$1,675.66$1,675.66$2,741.82
2nd payment$0.00$601.17$0.00
Taxes / mo$625.58$625.58$625.58
Insurance / mo$150.00$150.00$150.00
MI / mo$147.23$147.23$79.20
HOA / mo$4.17$4.17$4.17
Total monthly$2,602.64$3,203.81$3,600.78
Cash to close$124,156$44,000$44,000