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$222,143$222,143$269,100
Remaining term (yrs)29.629.630.0
Secondary amount$0$46,957$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.390%7.560%
1st payment$1,407.93$1,407.93$1,848.53
2nd payment$0.00$352.18$0.00
Taxes / mo$130.67$130.67$130.67
Insurance / mo$150.00$150.00$150.00
MI / mo$102.09$102.09$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,790.69$2,142.87$2,183.02
Cash to close$76,857$29,900$29,900