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$173,453$173,453$188,550
Remaining term (yrs)26.326.330.0
Secondary amount$0$25,572$0
Funding fee$0$0$0
Note rate6.310%6.310%7.320%
Blended rate7.160%7.766%7.560%
1st payment$1,125.54$1,125.54$1,295.21
2nd payment$0.00$253.06$0.00
Taxes / mo$206.67$206.67$206.67
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$37.71
HOA / mo$0.00$0.00$0.00
Total monthly$1,610.88$1,863.94$1,689.58
Cash to close$36,047$10,475$20,950