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$233,771$233,771$283,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$49,729$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%7.194%7.560%
1st payment$1,455.00$1,455.00$1,947.45
2nd payment$0.00$372.97$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$108.19$108.19$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,975.69$2,348.66$2,416.65
Cash to close$81,229$31,500$31,500