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$278,894$278,894$292,410
Remaining term (yrs)26.926.930.0
Secondary amount$0$29,761$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.795%7.560%
1st payment$1,883.86$1,883.86$2,008.65
2nd payment$0.00$294.51$0.00
Taxes / mo$381.92$381.92$381.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.31$132.31$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,548.09$2,842.60$2,599.05
Cash to close$46,006$16,245$32,490