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$27,486$27,486$297,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$269,514$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.697%7.560%
1st payment$190.65$190.65$2,040.18
2nd payment$0.00$1,740.61$0.00
Taxes / mo$416.19$416.19$416.19
Insurance / mo$150.00$150.00$150.00
MI / mo$12.79$12.79$59.40
HOA / mo$265.00$265.00$265.00
Total monthly$1,034.63$2,775.24$2,930.77
Cash to close$302,514$33,000$33,000