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$34,408$34,408$117,000
Remaining term (yrs)11.011.030.0
Secondary amount$0$82,592$0
Funding fee$0$0$0
Note rate6.250%6.250%7.320%
Blended rate7.100%8.441%7.560%
1st payment$357.36$357.36$803.71
2nd payment$0.00$619.44$0.00
Taxes / mo$67.08$67.08$67.08
Insurance / mo$150.00$150.00$150.00
MI / mo$41.11$41.11$23.40
HOA / mo$0.00$0.00$0.00
Total monthly$615.56$1,235.00$1,044.19
Cash to close$95,592$13,000$13,000