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$309,594$309,594$341,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$32,316$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.139%7.640%
1st payment$1,770.45$1,770.45$2,367.32
2nd payment$0.00$242.37$0.00
Taxes / mo$192.00$192.00$192.00
Insurance / mo$150.00$150.00$150.00
MI / mo$233.88$233.88$68.38
HOA / mo$98.00$98.00$98.00
Total monthly$2,444.33$2,686.70$2,875.70
Cash to close$70,306$37,990$37,990