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$197,254$197,254$288,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$90,746$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.767%7.560%
1st payment$1,319.46$1,319.46$1,978.36
2nd payment$0.00$680.60$0.00
Taxes / mo$90.75$90.75$90.75
Insurance / mo$150.00$150.00$150.00
MI / mo$94.20$94.20$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,654.42$2,335.01$2,276.71
Cash to close$122,746$32,000$32,000