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$126,732$126,732$206,820
Remaining term (yrs)26.226.230.0
Secondary amount$0$80,088$0
Funding fee$0$0$0
Note rate6.610%6.610%7.320%
Blended rate7.460%8.056%7.560%
1st payment$847.44$847.44$1,420.71
2nd payment$0.00$600.66$0.00
Taxes / mo$232.25$232.25$232.25
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$41.36
HOA / mo$0.00$0.00$0.00
Total monthly$1,323.59$1,924.25$1,844.32
Cash to close$103,068$22,980$22,980