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$249,431$249,431$270,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$35,569$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.293%7.640%
1st payment$1,517.43$1,517.43$1,869.43
2nd payment$0.00$351.98$0.00
Taxes / mo$105.00$105.00$105.00
Insurance / mo$150.00$150.00$150.00
MI / mo$114.89$114.89$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,887.32$2,239.30$2,178.43
Cash to close$50,569$15,000$30,000