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$232,963$232,963$341,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$108,947$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.441%7.560%
1st payment$1,516.21$1,516.21$2,348.68
2nd payment$0.00$726.32$0.00
Taxes / mo$151.55$151.55$151.55
Insurance / mo$150.00$150.00$150.00
MI / mo$108.47$108.47$68.38
HOA / mo$25.00$25.00$25.00
Total monthly$1,951.23$2,677.55$2,743.62
Cash to close$146,937$37,990$37,990