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$268,439$268,439$350,991
Remaining term (yrs)26.426.430.0
Secondary amount$0$82,552$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.195%7.640%
1st payment$1,702.77$1,702.77$2,430.19
2nd payment$0.00$619.14$0.00
Taxes / mo$177.42$177.42$177.42
Insurance / mo$150.00$150.00$150.00
MI / mo$128.92$128.92$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,159.11$2,778.25$2,827.81
Cash to close$121,551$38,999$38,999