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$219,395$219,395$289,350
Remaining term (yrs)27.627.630.0
Secondary amount$0$69,955$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.976%7.640%
1st payment$1,509.81$1,509.81$2,003.40
2nd payment$0.00$524.66$0.00
Taxes / mo$267.92$267.92$267.92
Insurance / mo$150.00$150.00$150.00
MI / mo$102.97$102.97$57.87
HOA / mo$0.00$0.00$0.00
Total monthly$2,030.70$2,555.36$2,479.19
Cash to close$102,105$32,150$32,150