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
Current Market Conventional
New · Conventional
Loan amount$201,335$202,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,327.50$1,391.03
2nd payment$0.00$0.00
Taxes / mo$187.50$187.50
Insurance / mo$150.00$150.00
MI / mo$96.26$40.50
HOA / mo$0.00$0.00
Total monthly$1,761.26$1,769.03
Cash to close$23,665$22,500