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$94,384$94,384$178,199
Remaining term (yrs)20.320.330.0
Secondary amount$0$83,816$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.881%7.560%
1st payment$570.37$570.37$1,224.10
2nd payment$0.00$628.62$0.00
Taxes / mo$115.27$115.27$115.27
Insurance / mo$150.00$150.00$150.00
MI / mo$83.11$83.11$35.64
HOA / mo$125.00$125.00$125.00
Total monthly$1,043.75$1,672.36$1,650.01
Cash to close$103,615$19,800$19,800