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$259,291$259,291$355,410
Remaining term (yrs)29.629.630.0
Secondary amount$0$96,119$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.577%7.560%
1st payment$1,643.38$1,643.38$2,441.42
2nd payment$0.00$720.89$0.00
Taxes / mo$96.33$96.33$96.33
Insurance / mo$150.00$150.00$150.00
MI / mo$119.17$119.17$71.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,008.88$2,729.77$2,758.84
Cash to close$135,609$39,490$39,490