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$195,619$195,619$233,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$38,291$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%7.051%7.560%
1st payment$1,242.96$1,242.96$1,606.80
2nd payment$0.00$287.18$0.00
Taxes / mo$552.75$552.75$552.75
Insurance / mo$150.00$150.00$150.00
MI / mo$93.81$93.81$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,039.52$2,326.70$2,356.33
Cash to close$64,281$25,990$25,990