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$240,998$240,998$278,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$37,912$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.315%7.640%
1st payment$1,543.51$1,543.51$1,931.12
2nd payment$0.00$284.34$0.00
Taxes / mo$248.41$248.41$248.41
Insurance / mo$150.00$150.00$150.00
MI / mo$111.93$111.93$55.78
HOA / mo$45.00$45.00$45.00
Total monthly$2,098.84$2,383.18$2,430.31
Cash to close$68,902$30,990$30,990