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$209,821$209,821$225,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,679$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.727%7.560%
1st payment$1,383.88$1,383.88$1,545.59
2nd payment$0.00$273.91$0.00
Taxes / mo$49.50$49.50$49.50
Insurance / mo$150.00$150.00$150.00
MI / mo$99.01$99.01$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.39$1,956.30$1,790.09
Cash to close$40,179$12,500$25,000