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$60,753$60,753$315,000
Remaining term (yrs)16.816.830.0
Secondary amount$0$254,247$0
Funding fee$0$0$0
Note rate4.510%4.510%7.400%
Blended rate5.360%7.289%7.640%
1st payment$428.36$428.36$2,181.00
2nd payment$0.00$1,642.01$0.00
Taxes / mo$88.42$88.42$88.42
Insurance / mo$150.00$150.00$150.00
MI / mo$59.81$59.81$63.00
HOA / mo$93.00$93.00$93.00
Total monthly$819.59$2,461.60$2,575.41
Cash to close$289,247$35,000$35,000