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$180,969$180,969$215,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$34,941$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.240%7.560%
1st payment$1,152.21$1,152.21$1,483.15
2nd payment$0.00$262.06$0.00
Taxes / mo$121.67$121.67$121.67
Insurance / mo$150.00$150.00$150.00
MI / mo$84.87$84.87$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,508.74$1,770.80$1,798.00
Cash to close$58,931$23,990$23,990