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$190,912$190,912$247,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$56,588$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.696%7.640%
1st payment$1,255.19$1,255.19$1,713.64
2nd payment$0.00$424.41$0.00
Taxes / mo$115.25$115.25$115.25
Insurance / mo$150.00$150.00$150.00
MI / mo$88.61$88.61$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,609.04$2,033.45$2,028.39
Cash to close$84,088$27,500$27,500