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$264,179$264,179$283,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$35,071$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.759%7.640%
1st payment$1,555.33$1,555.33$1,962.90
2nd payment$0.00$347.06$0.00
Taxes / mo$202.36$202.36$202.36
Insurance / mo$150.00$150.00$150.00
MI / mo$199.96$199.96$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,107.65$2,454.71$2,371.96
Cash to close$50,821$15,750$31,500