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$276,201$276,201$319,410
Remaining term (yrs)27.727.730.0
Secondary amount$0$43,209$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%7.763%7.640%
1st payment$1,884.35$1,884.35$2,211.53
2nd payment$0.00$324.07$0.00
Taxes / mo$260.17$260.17$260.17
Insurance / mo$150.00$150.00$150.00
MI / mo$129.55$129.55$63.88
HOA / mo$0.00$0.00$0.00
Total monthly$2,424.07$2,748.14$2,685.58
Cash to close$78,699$35,490$35,490