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$170,748$170,748$195,750
Remaining term (yrs)25.925.930.0
Secondary amount$0$25,002$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.444%7.640%
1st payment$999.70$999.70$1,355.33
2nd payment$0.00$187.51$0.00
Taxes / mo$221.12$221.12$221.12
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$39.15
HOA / mo$0.00$0.00$0.00
Total monthly$1,499.48$1,687.00$1,765.60
Cash to close$46,752$21,750$21,750