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$269,253$269,253$327,268
Remaining term (yrs)26.026.030.0
Secondary amount$0$58,015$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%6.951%7.640%
1st payment$1,645.46$1,645.46$2,265.94
2nd payment$0.00$435.11$0.00
Taxes / mo$297.83$297.83$297.83
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$65.45
HOA / mo$0.00$0.00$0.00
Total monthly$2,294.99$2,730.11$2,779.22
Cash to close$94,378$36,363$36,363