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$274,120$274,120$296,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$39,285$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.287%7.640%
1st payment$1,698.12$1,698.12$2,055.74
2nd payment$0.00$388.76$0.00
Taxes / mo$360.38$360.38$360.38
Insurance / mo$150.00$150.00$150.00
MI / mo$128.71$128.71$59.38
HOA / mo$78.00$78.00$78.00
Total monthly$2,415.20$2,803.96$2,703.51
Cash to close$55,780$16,495$32,990