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$263,888$263,888$332,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$69,022$0
Funding fee$0$0$0
Note rate6.020%6.020%7.400%
Blended rate6.870%7.312%7.640%
1st payment$1,671.04$1,671.04$2,305.00
2nd payment$0.00$517.66$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$150.00$150.00$150.00
MI / mo$197.00$197.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,107.04$2,624.71$2,610.58
Cash to close$106,012$36,990$36,990