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$183,863$183,863$229,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$45,637$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.280%7.622%7.560%
1st payment$1,239.31$1,239.31$1,576.51
2nd payment$0.00$342.28$0.00
Taxes / mo$492.33$492.33$492.33
Insurance / mo$150.00$150.00$150.00
MI / mo$87.76$87.76$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,969.40$2,311.68$2,264.74
Cash to close$71,137$25,500$25,500