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$219,409$219,409$264,600
Remaining term (yrs)26.326.330.0
Secondary amount$0$45,191$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%7.068%7.560%
1st payment$1,395.87$1,395.87$1,817.62
2nd payment$0.00$338.93$0.00
Taxes / mo$157.00$157.00$157.00
Insurance / mo$150.00$150.00$150.00
MI / mo$105.35$105.35$52.92
HOA / mo$184.33$184.33$184.33
Total monthly$1,992.55$2,331.48$2,361.87
Cash to close$74,591$29,400$29,400