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$254,012$254,012$306,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$51,988$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.498%7.560%
1st payment$1,676.99$1,676.99$2,102.01
2nd payment$0.00$389.91$0.00
Taxes / mo$223.42$223.42$223.42
Insurance / mo$150.00$150.00$150.00
MI / mo$119.85$119.85$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,170.26$2,560.16$2,536.62
Cash to close$85,988$34,000$34,000