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$256,257$256,257$296,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$40,653$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.118%7.640%
1st payment$1,652.36$1,652.36$2,055.74
2nd payment$0.00$304.90$0.00
Taxes / mo$431.07$431.07$431.07
Insurance / mo$150.00$150.00$150.00
MI / mo$122.74$122.74$59.38
HOA / mo$33.33$33.33$33.33
Total monthly$2,389.49$2,694.39$2,729.52
Cash to close$73,643$32,990$32,990