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$77,235$77,235$252,000
Remaining term (yrs)11.911.930.0
Secondary amount$0$174,765$0
Funding fee$0$0$0
Note rate6.520%6.520%7.400%
Blended rate7.370%7.807%7.640%
1st payment$774.65$774.65$1,744.80
2nd payment$0.00$1,165.10$0.00
Taxes / mo$183.42$183.42$183.42
Insurance / mo$150.00$150.00$150.00
MI / mo$86.63$86.63$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,194.70$2,359.79$2,128.61
Cash to close$202,765$28,000$28,000