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$117,698$117,698$405,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$287,302$0
Funding fee$0$0$0
Note rate5.200%5.200%7.400%
Blended rate6.050%7.256%7.640%
1st payment$1,039.57$1,039.57$2,804.14
2nd payment$0.00$1,855.49$0.00
Taxes / mo$279.42$279.42$279.42
Insurance / mo$150.00$150.00$150.00
MI / mo$134.10$134.10$81.00
HOA / mo$12.17$12.17$12.17
Total monthly$1,615.26$3,470.75$3,326.72
Cash to close$332,302$45,000$45,000