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$250,165$250,165$279,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$28,835$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.072%7.640%
1st payment$1,561.95$1,561.95$1,931.74
2nd payment$0.00$216.26$0.00
Taxes / mo$258.33$258.33$258.33
Insurance / mo$150.00$150.00$150.00
MI / mo$115.66$115.66$55.80
HOA / mo$100.00$100.00$100.00
Total monthly$2,185.94$2,402.20$2,495.87
Cash to close$59,835$31,000$31,000