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$259,686$259,686$292,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$32,814$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.692%7.640%
1st payment$1,569.65$1,569.65$2,025.21
2nd payment$0.00$246.10$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,185.22$2,431.32$2,504.54
Cash to close$65,314$32,500$32,500