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$15,809$15,809$202,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$186,601$0
Funding fee$0$0$0
Note rate6.090%6.090%7.320%
Blended rate6.640%7.894%7.560%
1st payment$103.47$103.47$1,390.42
2nd payment$0.00$1,244.01$0.00
Taxes / mo$226.33$226.33$226.33
Insurance / mo$150.00$150.00$150.00
MI / mo$7.30$7.30$40.48
HOA / mo$174.00$174.00$174.00
Total monthly$661.10$1,905.11$1,981.23
Cash to close$209,091$22,490$22,490