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$205$205$148,500
Remaining term (yrs)38.038.030.0
Secondary amount$0$148,295$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.998%7.640%
1st payment$1.19$1.19$1,028.18
2nd payment$0.00$988.63$0.00
Taxes / mo$429.58$429.58$429.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.09$0.09$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$580.87$1,569.50$1,637.47
Cash to close$164,795$16,500$16,500