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$121,315$121,315$198,000
Remaining term (yrs)17.917.930.0
Secondary amount$0$76,685$0
Funding fee$0$0$0
Note rate4.130%4.130%7.400%
Blended rate4.980%6.537%7.640%
1st payment$796.96$796.96$1,370.91
2nd payment$0.00$575.14$0.00
Taxes / mo$198.24$198.24$198.24
Insurance / mo$150.00$150.00$150.00
MI / mo$116.41$116.41$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,261.60$1,836.74$1,758.75
Cash to close$98,685$22,000$22,000