Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$1,689$1,689$76,500
Remaining term (yrs)0.10.130.0
Secondary amount$0$74,811$0
Funding fee$0$0$0
Note rate5.640%5.640%7.320%
Blended rate6.490%8.945%7.560%
1st payment$568.40$568.40$525.50
2nd payment$0.00$561.08$0.00
Taxes / mo$70.83$70.83$70.83
Insurance / mo$150.00$150.00$150.00
MI / mo$69.83$69.83$15.30
HOA / mo$0.00$0.00$0.00
Total monthly$859.06$1,420.14$761.64
Cash to close$83,311$8,500$8,500