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$72,150$72,150$188,910
Remaining term (yrs)11.311.330.0
Secondary amount$0$116,760$0
Funding fee$0$0$0
Note rate5.650%5.650%7.400%
Blended rate6.500%7.427%7.640%
1st payment$715.83$715.83$1,307.97
2nd payment$0.00$778.40$0.00
Taxes / mo$190.08$190.08$190.08
Insurance / mo$150.00$150.00$150.00
MI / mo$87.84$87.84$37.78
HOA / mo$185.00$185.00$185.00
Total monthly$1,328.75$2,107.15$1,870.84
Cash to close$137,750$20,990$20,990