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$234,426$234,426$270,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$35,574$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.706%7.560%
1st payment$1,604.63$1,604.63$1,854.71
2nd payment$0.00$266.81$0.00
Taxes / mo$79.75$79.75$79.75
Insurance / mo$150.00$150.00$150.00
MI / mo$110.99$110.99$54.00
HOA / mo$44.00$44.00$44.00
Total monthly$1,989.37$2,256.18$2,182.46
Cash to close$65,574$30,000$30,000