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$55,305$55,305$373,500
Remaining term (yrs)12.512.530.0
Secondary amount$0$318,195$0
Funding fee$0$0$0
Note rate5.070%5.070%7.320%
Blended rate5.920%7.479%7.560%
1st payment$493.84$493.84$2,565.69
2nd payment$0.00$2,055.01$0.00
Taxes / mo$161.00$161.00$161.00
Insurance / mo$150.00$150.00$150.00
MI / mo$64.65$64.65$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$869.49$2,924.50$2,951.39
Cash to close$359,695$41,500$41,500