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$260,697$260,697$305,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$44,403$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.522%7.640%
1st payment$1,718.75$1,718.75$2,112.45
2nd payment$0.00$333.02$0.00
Taxes / mo$14.50$14.50$14.50
Insurance / mo$150.00$150.00$150.00
MI / mo$121.83$121.83$61.02
HOA / mo$60.00$60.00$60.00
Total monthly$2,065.08$2,398.11$2,397.97
Cash to close$78,303$33,900$33,900