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$207,380$207,380$220,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$25,370$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.906%7.640%
1st payment$1,388.95$1,388.95$1,526.70
2nd payment$0.00$251.06$0.00
Taxes / mo$231.33$231.33$231.33
Insurance / mo$150.00$150.00$150.00
MI / mo$96.95$96.95$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,867.24$2,118.29$1,952.13
Cash to close$37,620$12,250$24,500