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$206,432$206,432$224,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$30,118$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.818%7.640%
1st payment$1,217.22$1,217.22$1,551.62
2nd payment$0.00$298.04$0.00
Taxes / mo$265.33$265.33$265.33
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,789.04$2,087.08$2,011.78
Cash to close$42,568$12,450$24,900