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$260,406$260,406$431,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$171,504$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.506%7.640%
1st payment$1,694.82$1,694.82$2,990.46
2nd payment$0.00$1,143.36$0.00
Taxes / mo$399.92$399.92$399.92
Insurance / mo$166.67$166.67$166.67
MI / mo$121.25$121.25$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,382.65$3,526.01$3,643.42
Cash to close$219,494$47,990$47,990