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$174,495$174,495$206,550
Remaining term (yrs)25.725.730.0
Secondary amount$0$32,055$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.533%7.640%
1st payment$1,027.32$1,027.32$1,430.11
2nd payment$0.00$240.41$0.00
Taxes / mo$83.83$83.83$83.83
Insurance / mo$150.00$150.00$150.00
MI / mo$132.08$132.08$41.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,393.23$1,633.65$1,705.25
Cash to close$55,005$22,950$22,950