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$257,105$257,105$366,300
Remaining term (yrs)26.826.830.0
Secondary amount$0$109,195$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.481%7.640%
1st payment$1,721.98$1,721.98$2,536.19
2nd payment$0.00$727.96$0.00
Taxes / mo$188.84$188.84$188.84
Insurance / mo$150.00$150.00$150.00
MI / mo$122.18$122.18$73.26
HOA / mo$0.00$0.00$0.00
Total monthly$2,183.01$2,910.97$2,948.29
Cash to close$149,895$40,700$40,700