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$188,096$188,096$215,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$27,814$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.171%7.640%
1st payment$1,217.97$1,217.97$1,494.92
2nd payment$0.00$208.61$0.00
Taxes / mo$130.50$130.50$130.50
Insurance / mo$150.00$150.00$150.00
MI / mo$89.71$89.71$43.18
HOA / mo$5.00$5.00$5.00
Total monthly$1,593.19$1,801.79$1,823.60
Cash to close$51,804$23,990$23,990