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$296,726$296,726$382,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$85,774$0
Funding fee$0$0$0
Note rate5.810%5.810%7.400%
Blended rate6.660%7.185%7.640%
1st payment$1,845.60$1,845.60$2,648.35
2nd payment$0.00$643.31$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,572.33$3,215.64$3,229.02
Cash to close$128,274$42,500$42,500