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$87,441$87,441$251,910
Remaining term (yrs)13.513.530.0
Secondary amount$0$164,469$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%7.250%7.640%
1st payment$736.55$736.55$1,744.17
2nd payment$0.00$1,096.46$0.00
Taxes / mo$111.92$111.92$111.92
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,095.76$2,192.23$2,056.47
Cash to close$192,459$27,990$27,990