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$202,515$202,515$285,930
Remaining term (yrs)28.728.730.0
Secondary amount$0$83,415$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.874%7.640%
1st payment$1,344.82$1,344.82$1,979.72
2nd payment$0.00$625.61$0.00
Taxes / mo$369.67$369.67$369.67
Insurance / mo$150.00$150.00$150.00
MI / mo$93.97$93.97$57.19
HOA / mo$0.00$0.00$0.00
Total monthly$1,958.46$2,584.07$2,556.57
Cash to close$115,185$31,770$31,770