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$276,025$276,025$287,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$27,025$0
Funding fee$0$0$0
Note rate5.540%5.540%7.320%
Blended rate6.390%6.879%7.560%
1st payment$1,671.50$1,671.50$1,972.18
2nd payment$0.00$267.43$0.00
Taxes / mo$448.25$448.25$448.25
Insurance / mo$150.00$150.00$150.00
MI / mo$207.61$207.61$57.42
HOA / mo$114.00$114.00$114.00
Total monthly$2,591.35$2,858.78$2,741.85
Cash to close$42,975$15,950$31,900