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$299,963$299,963$359,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$59,947$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.558%7.640%
1st payment$1,756.23$1,756.23$2,491.94
2nd payment$0.00$449.60$0.00
Taxes / mo$271.42$271.42$271.42
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,403.68$2,853.28$2,985.34
Cash to close$99,937$39,990$39,990