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$240,340$240,340$260,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$34,210$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.765%7.640%
1st payment$1,585.17$1,585.17$1,800.88
2nd payment$0.00$338.54$0.00
Taxes / mo$358.58$358.58$358.58
Insurance / mo$150.00$150.00$150.00
MI / mo$113.41$113.41$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,207.16$2,545.70$2,361.48
Cash to close$48,660$14,450$28,900