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$310,202$310,202$476,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$166,708$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%6.062%7.560%
1st payment$1,642.07$1,642.07$3,276.04
2nd payment$0.00$1,111.39$0.00
Taxes / mo$157.92$157.92$157.92
Insurance / mo$166.67$166.67$166.67
MI / mo$238.71$238.71$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,205.36$3,316.75$3,696.01
Cash to close$219,698$52,990$52,990