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$191,395$191,395$207,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$27,105$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.780%7.640%
1st payment$1,280.27$1,280.27$1,433.23
2nd payment$0.00$268.23$0.00
Taxes / mo$183.75$183.75$183.75
Insurance / mo$150.00$150.00$150.00
MI / mo$91.41$91.41$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,705.43$1,973.65$1,808.38
Cash to close$38,605$11,500$23,000