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$128,281$128,281$161,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$32,819$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.806%7.560%
1st payment$863.46$863.46$1,106.65
2nd payment$0.00$246.14$0.00
Taxes / mo$50.67$50.67$50.67
Insurance / mo$150.00$150.00$150.00
MI / mo$59.79$59.79$32.22
HOA / mo$400.00$400.00$400.00
Total monthly$1,523.92$1,770.06$1,739.53
Cash to close$50,719$17,900$17,900