Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$216,088$216,088$256,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$40,412$0
Funding fee$0$0$0
Note rate8.250%8.250%7.400%
Blended rate9.100%9.084%7.640%
1st payment$1,678.16$1,678.16$1,775.95
2nd payment$0.00$303.09$0.00
Taxes / mo$297.58$297.58$297.58
Insurance / mo$150.00$150.00$150.00
MI / mo$158.23$158.23$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,283.97$2,587.06$2,274.84
Cash to close$68,912$28,500$28,500