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$216,856$216,856$256,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$39,554$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.452%7.640%
1st payment$1,471.05$1,471.05$1,775.33
2nd payment$0.00$296.66$0.00
Taxes / mo$144.42$144.42$144.42
Insurance / mo$150.00$150.00$150.00
MI / mo$102.97$102.97$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,868.43$2,165.09$2,121.03
Cash to close$68,044$28,490$28,490