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$0$0$265,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$265,500$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$0.00$0.00$1,838.27
2nd payment$0.00$1,714.69$0.00
Taxes / mo$213.17$213.17$213.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$1.67$1.67$1.67
Total monthly$364.84$2,079.52$2,256.21
Cash to close$295,000$29,500$29,500