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$238,182$238,182$251,550
Remaining term (yrs)25.625.630.0
Secondary amount$0$27,343$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.560%7.640%
1st payment$1,386.10$1,386.10$1,741.68
2nd payment$0.00$270.58$0.00
Taxes / mo$198.83$198.83$198.83
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$50.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,915.76$2,186.34$2,140.82
Cash to close$41,318$13,975$27,950