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$95,864$95,864$247,500
Remaining term (yrs)38.038.030.0
Secondary amount$0$151,636$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.574%7.640%
1st payment$556.94$556.94$1,713.64
2nd payment$0.00$1,010.91$0.00
Taxes / mo$229.17$229.17$229.17
Insurance / mo$150.00$150.00$150.00
MI / mo$44.41$44.41$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$980.52$1,991.43$2,142.31
Cash to close$179,136$27,500$27,500