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$192,615$192,615$225,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$32,385$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.716%7.640%
1st payment$1,303.96$1,303.96$1,557.85
2nd payment$0.00$242.89$0.00
Taxes / mo$303.50$303.50$303.50
Insurance / mo$150.00$150.00$150.00
MI / mo$90.29$90.29$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,847.74$2,090.63$2,056.35
Cash to close$57,385$25,000$25,000