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$182,845$182,845$197,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$26,060$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.687%7.640%
1st payment$1,184.09$1,184.09$1,370.29
2nd payment$0.00$257.88$0.00
Taxes / mo$91.00$91.00$91.00
Insurance / mo$150.00$150.00$150.00
MI / mo$85.51$85.51$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,510.59$1,768.47$1,650.87
Cash to close$37,055$10,995$21,990