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$120,592$120,592$315,000
Remaining term (yrs)36.836.830.0
Secondary amount$0$194,408$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.709%7.560%
1st payment$734.91$734.91$2,163.83
2nd payment$0.00$1,296.05$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$56.23$56.23$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.80$2,528.86$2,668.50
Cash to close$229,408$35,000$35,000