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$89,426$89,426$197,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$107,674$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.760%7.640%
1st payment$603.63$603.63$1,364.68
2nd payment$0.00$717.83$0.00
Taxes / mo$172.84$172.84$172.84
Insurance / mo$150.00$150.00$150.00
MI / mo$41.92$41.92$39.42
HOA / mo$3.33$3.33$3.33
Total monthly$971.73$1,689.56$1,730.27
Cash to close$129,574$21,900$21,900