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$7,138$7,138$170,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$162,962$0
Funding fee$0$0$0
Note rate6.880%6.880%7.320%
Blended rate7.430%7.976%7.560%
1st payment$48.75$48.75$1,168.47
2nd payment$0.00$1,086.41$0.00
Taxes / mo$264.69$264.69$264.69
Insurance / mo$150.00$150.00$150.00
MI / mo$3.36$3.36$34.02
HOA / mo$0.00$0.00$0.00
Total monthly$466.80$1,553.22$1,617.18
Cash to close$181,862$18,900$18,900