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$42,679$42,679$360,000
Remaining term (yrs)13.513.530.0
Secondary amount$0$317,321$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.554%7.560%
1st payment$365.21$365.21$2,472.95
2nd payment$0.00$2,049.37$0.00
Taxes / mo$238.25$238.25$238.25
Insurance / mo$150.00$150.00$150.00
MI / mo$46.85$46.85$72.00
HOA / mo$12.50$12.50$12.50
Total monthly$812.81$2,862.17$2,945.70
Cash to close$357,321$40,000$40,000