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$241,633$241,633$271,800
Remaining term (yrs)25.925.930.0
Secondary amount$0$30,167$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.466%7.560%
1st payment$1,428.38$1,428.38$1,867.08
2nd payment$0.00$226.25$0.00
Taxes / mo$274.17$274.17$274.17
Insurance / mo$150.00$150.00$150.00
MI / mo$182.20$182.20$54.36
HOA / mo$0.00$0.00$0.00
Total monthly$2,034.74$2,260.99$2,345.60
Cash to close$60,367$30,200$30,200