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$277,579$277,579$305,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$28,331$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.521%7.640%
1st payment$1,861.13$1,861.13$2,118.06
2nd payment$0.00$212.48$0.00
Taxes / mo$472.00$472.00$472.00
Insurance / mo$150.00$150.00$150.00
MI / mo$130.58$130.58$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,613.71$2,826.19$2,801.24
Cash to close$62,321$33,990$33,990