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$320,510$320,510$342,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$40,490$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.721%7.640%
1st payment$1,876.52$1,876.52$2,367.94
2nd payment$0.00$400.68$0.00
Taxes / mo$144.58$144.58$144.58
Insurance / mo$150.00$150.00$150.00
MI / mo$241.52$241.52$68.40
HOA / mo$298.00$298.00$298.00
Total monthly$2,710.63$3,111.31$3,028.92
Cash to close$59,490$19,000$38,000