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$255,247$255,247$288,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$32,753$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.660%6.926%7.560%
1st payment$1,589.80$1,589.80$1,978.36
2nd payment$0.00$245.65$0.00
Taxes / mo$45.33$45.33$45.33
Insurance / mo$150.00$150.00$150.00
MI / mo$191.71$191.71$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,976.85$2,222.50$2,231.29
Cash to close$64,753$32,000$32,000