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$258,900$258,900$283,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$40,255$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%5.795%7.640%
1st payment$1,350.99$1,350.99$1,962.27
2nd payment$0.00$398.36$0.00
Taxes / mo$380.17$380.17$380.17
Insurance / mo$150.00$150.00$150.00
MI / mo$200.44$200.44$56.68
HOA / mo$205.00$205.00$205.00
Total monthly$2,286.60$2,684.95$2,754.12
Cash to close$56,000$15,745$31,490