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$243,112$243,112$279,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$35,888$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.466%7.560%
1st payment$1,623.34$1,623.34$1,916.54
2nd payment$0.00$269.16$0.00
Taxes / mo$274.50$274.50$274.50
Insurance / mo$150.00$150.00$150.00
MI / mo$115.42$115.42$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,163.26$2,432.42$2,396.84
Cash to close$66,888$31,000$31,000