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$241,797$241,797$333,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$91,203$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.867%7.640%
1st payment$1,627.39$1,627.39$2,305.62
2nd payment$0.00$684.02$0.00
Taxes / mo$304.42$304.42$304.42
Insurance / mo$150.00$150.00$150.00
MI / mo$113.37$113.37$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,195.18$2,879.20$2,826.64
Cash to close$128,203$37,000$37,000