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$179,150$179,150$216,000
Remaining term (yrs)22.222.230.0
Secondary amount$0$36,850$0
Funding fee$0$0$0
Note rate7.030%7.030%7.320%
Blended rate7.580%7.822%7.560%
1st payment$1,326.82$1,326.82$1,483.77
2nd payment$0.00$276.37$0.00
Taxes / mo$48.50$48.50$48.50
Insurance / mo$150.00$150.00$150.00
MI / mo$85.81$85.81$43.20
HOA / mo$86.00$86.00$86.00
Total monthly$1,697.13$1,973.50$1,811.47
Cash to close$60,850$24,000$24,000