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$177,373$177,373$224,010
Remaining term (yrs)28.528.530.0
Secondary amount$0$46,637$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.591%7.640%
1st payment$1,157.92$1,157.92$1,551.00
2nd payment$0.00$349.77$0.00
Taxes / mo$207.42$207.42$207.42
Insurance / mo$150.00$150.00$150.00
MI / mo$82.50$82.50$44.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,597.84$1,947.61$1,953.22
Cash to close$71,527$24,890$24,890