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$284,532$284,532$310,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$25,968$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.470%7.640%
1st payment$1,916.43$1,916.43$2,149.84
2nd payment$0.00$194.76$0.00
Taxes / mo$384.92$384.92$384.92
Insurance / mo$150.00$150.00$150.00
MI / mo$135.01$135.01$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,586.35$2,781.12$2,746.86
Cash to close$60,468$34,500$34,500