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$37,378$37,378$88,200
Remaining term (yrs)12.112.130.0
Secondary amount$0$50,822$0
Funding fee$0$0$0
Note rate5.500%5.500%7.320%
Blended rate6.350%7.877%7.560%
1st payment$350.04$350.04$605.87
2nd payment$0.00$381.16$0.00
Taxes / mo$89.08$89.08$89.08
Insurance / mo$150.00$150.00$150.00
MI / mo$43.67$43.67$17.64
HOA / mo$0.00$0.00$0.00
Total monthly$632.79$1,013.96$862.60
Cash to close$60,622$9,800$9,800