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$8,738$8,738$270,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$261,262$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.733%7.560%
1st payment$59.85$59.85$1,854.71
2nd payment$0.00$1,687.32$0.00
Taxes / mo$250.00$250.00$250.00
Insurance / mo$150.00$150.00$150.00
MI / mo$4.06$4.06$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$463.91$2,151.23$2,308.71
Cash to close$291,262$30,000$30,000