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$254,264$254,264$283,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$29,236$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.726%7.640%
1st payment$1,736.36$1,736.36$1,962.90
2nd payment$0.00$219.27$0.00
Taxes / mo$107.83$107.83$107.83
Insurance / mo$150.00$150.00$150.00
MI / mo$119.26$119.26$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,113.45$2,332.72$2,277.43
Cash to close$60,736$31,500$31,500