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$177,645$177,645$265,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$87,855$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.670%8.110%7.640%
1st payment$1,233.30$1,233.30$1,838.27
2nd payment$0.00$658.91$0.00
Taxes / mo$97.92$97.92$97.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.94$83.94$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,565.16$2,224.07$2,139.29
Cash to close$117,355$29,500$29,500