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$275,053$275,053$341,999
Remaining term (yrs)29.129.130.0
Secondary amount$0$66,946$0
Funding fee$0$0$0
Note rate6.190%6.190%7.320%
Blended rate6.740%7.182%7.560%
1st payment$1,697.80$1,697.80$2,349.30
2nd payment$0.00$502.10$0.00
Taxes / mo$487.00$487.00$487.00
Insurance / mo$150.00$150.00$150.00
MI / mo$127.19$127.19$68.40
HOA / mo$8.33$8.33$8.33
Total monthly$2,470.32$2,972.42$3,063.03
Cash to close$104,946$38,000$38,000