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$206,794$206,794$238,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,616$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.719%7.640%
1st payment$1,251.57$1,251.57$1,650.70
2nd payment$0.00$237.12$0.00
Taxes / mo$250.00$250.00$250.00
Insurance / mo$150.00$150.00$150.00
MI / mo$155.79$155.79$47.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,807.36$2,044.48$2,098.38
Cash to close$58,106$26,490$26,490