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$115,173$115,173$134,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$27,232$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%8.458%7.640%
1st payment$791.83$791.83$934.09
2nd payment$0.00$269.48$0.00
Taxes / mo$124.92$124.92$124.92
Insurance / mo$150.00$150.00$150.00
MI / mo$54.00$54.00$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,120.75$1,390.23$1,235.99
Cash to close$34,727$7,495$14,990