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$250,059$250,059$373,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$123,441$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.458%7.640%
1st payment$1,650.89$1,650.89$2,586.04
2nd payment$0.00$822.94$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$117.99$117.99$74.70
HOA / mo$187.00$187.00$187.00
Total monthly$2,451.71$3,274.65$3,343.57
Cash to close$164,941$41,500$41,500