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$107,469$107,469$234,000
Remaining term (yrs)37.337.330.0
Secondary amount$0$126,531$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.210%7.637%7.560%
1st payment$650.34$650.34$1,607.42
2nd payment$0.00$843.54$0.00
Taxes / mo$108.67$108.67$108.67
Insurance / mo$150.00$150.00$150.00
MI / mo$49.94$49.94$46.80
HOA / mo$203.00$203.00$203.00
Total monthly$1,161.94$2,005.48$2,115.88
Cash to close$152,531$26,000$26,000