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$239,902$239,902$274,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$34,598$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.104%7.640%
1st payment$1,546.53$1,546.53$1,900.58
2nd payment$0.00$259.49$0.00
Taxes / mo$109.58$109.58$109.58
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,920.87$2,180.36$2,215.07
Cash to close$65,098$30,500$30,500