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$186,605$186,605$215,550
Remaining term (yrs)25.925.930.0
Secondary amount$0$28,945$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.628%7.640%
1st payment$1,115.38$1,115.38$1,492.42
2nd payment$0.00$217.09$0.00
Taxes / mo$42.50$42.50$42.50
Insurance / mo$150.00$150.00$150.00
MI / mo$140.54$140.54$43.11
HOA / mo$0.00$0.00$0.00
Total monthly$1,448.43$1,665.51$1,728.03
Cash to close$52,895$23,950$23,950