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$291,345$291,345$310,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$36,405$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.773%7.640%
1st payment$1,953.46$1,953.46$2,149.84
2nd payment$0.00$360.26$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$138.61$138.61$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,529.57$2,889.83$2,649.44
Cash to close$53,655$17,250$34,500