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
Current Market Conventional
New · Conventional
Loan amount$202,424$198,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.170%7.320%
Blended rate6.720%7.560%
1st payment$1,246.88$1,360.12
2nd payment$0.00$0.00
Taxes / mo$91.50$91.50
Insurance / mo$150.00$150.00
MI / mo$93.61$39.60
HOA / mo$375.00$375.00
Total monthly$1,956.99$2,016.22
Cash to close$17,576$22,000