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$202,872$202,872$314,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$111,228$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.587%7.640%
1st payment$1,370.35$1,370.35$2,174.76
2nd payment$0.00$741.52$0.00
Taxes / mo$21.00$21.00$21.00
Insurance / mo$150.00$150.00$150.00
MI / mo$96.24$96.24$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,637.59$2,379.12$2,408.58
Cash to close$146,128$34,900$34,900