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$191,390$191,390$259,200
Remaining term (yrs)25.925.930.0
Secondary amount$0$67,810$0
Funding fee$0$0$0
Note rate5.410%5.410%7.320%
Blended rate6.260%6.977%7.560%
1st payment$1,143.99$1,143.99$1,780.52
2nd payment$0.00$508.57$0.00
Taxes / mo$41.08$41.08$41.08
Insurance / mo$150.00$150.00$150.00
MI / mo$144.15$144.15$51.84
HOA / mo$85.00$85.00$85.00
Total monthly$1,564.21$2,072.79$2,108.45
Cash to close$96,610$28,800$28,800