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$315,321$315,321$495,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$179,679$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%7.204%7.640%
1st payment$1,975.21$1,975.21$3,427.28
2nd payment$0.00$1,197.86$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$147.81$147.81$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,748.02$3,945.88$4,151.28
Cash to close$234,679$55,000$55,000