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$278,804$278,804$341,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$62,296$0
Funding fee$0$0$0
Note rate5.520%5.520%7.320%
Blended rate6.370%6.850%7.560%
1st payment$1,687.39$1,687.39$2,343.12
2nd payment$0.00$467.22$0.00
Taxes / mo$66.42$66.42$66.42
Insurance / mo$150.00$150.00$150.00
MI / mo$210.04$210.04$68.22
HOA / mo$63.00$63.00$63.00
Total monthly$2,176.85$2,644.07$2,690.76
Cash to close$100,196$37,900$37,900