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$125,015$125,015$197,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$72,895$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%6.713%7.640%
1st payment$748.89$748.89$1,370.29
2nd payment$0.00$546.71$0.00
Taxes / mo$218.83$218.83$218.83
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,222.05$1,768.76$1,778.70
Cash to close$94,885$21,990$21,990