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$128,871$128,871$166,050
Remaining term (yrs)25.925.930.0
Secondary amount$0$37,179$0
Funding fee$0$0$0
Note rate6.700%6.700%7.400%
Blended rate7.550%7.875%7.640%
1st payment$873.24$873.24$1,149.70
2nd payment$0.00$278.84$0.00
Taxes / mo$128.00$128.00$128.00
Insurance / mo$150.00$150.00$150.00
MI / mo$95.86$95.86$33.21
HOA / mo$0.00$0.00$0.00
Total monthly$1,247.09$1,525.94$1,460.91
Cash to close$55,629$18,450$18,450