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$360,159$360,159$378,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$38,841$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%5.678%7.640%
1st payment$1,911.48$1,911.48$2,617.20
2nd payment$0.00$384.36$0.00
Taxes / mo$259.50$259.50$259.50
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$75.60
HOA / mo$32.00$32.00$32.00
Total monthly$2,631.18$3,015.54$3,134.30
Cash to close$59,841$21,000$42,000