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$180,580$180,580$220,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$39,920$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%6.625%7.560%
1st payment$1,065.30$1,065.30$1,514.68
2nd payment$0.00$299.40$0.00
Taxes / mo$225.92$225.92$225.92
Insurance / mo$150.00$150.00$150.00
MI / mo$136.65$136.65$44.10
HOA / mo$235.00$235.00$235.00
Total monthly$1,812.87$2,112.26$2,169.70
Cash to close$64,420$24,500$24,500