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$273,286$273,286$288,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$30,714$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.816%7.560%
1st payment$1,816.07$1,816.07$1,978.36
2nd payment$0.00$303.94$0.00
Taxes / mo$188.00$188.00$188.00
Insurance / mo$150.00$150.00$150.00
MI / mo$127.55$127.55$57.60
HOA / mo$27.00$27.00$27.00
Total monthly$2,308.62$2,612.56$2,400.96
Cash to close$46,714$16,000$32,000