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$205,074$205,074$234,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$28,926$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%7.081%7.560%
1st payment$1,321.04$1,321.04$1,607.42
2nd payment$0.00$216.94$0.00
Taxes / mo$102.17$102.17$102.17
Insurance / mo$150.00$150.00$150.00
MI / mo$98.23$98.23$46.80
HOA / mo$298.00$298.00$298.00
Total monthly$1,969.44$2,186.38$2,204.38
Cash to close$54,926$26,000$26,000