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$214,936$214,936$379,800
Remaining term (yrs)28.428.430.0
Secondary amount$0$164,864$0
Funding fee$0$0$0
Note rate6.039%6.039%7.400%
Blended rate6.589%7.201%7.640%
1st payment$1,317.08$1,317.08$2,629.66
2nd payment$0.00$1,099.10$0.00
Taxes / mo$351.67$351.67$351.67
Insurance / mo$150.00$150.00$150.00
MI / mo$100.27$100.27$75.96
HOA / mo$0.00$0.00$0.00
Total monthly$1,919.01$3,018.11$3,207.29
Cash to close$207,064$42,200$42,200