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$172,838$172,838$281,610
Remaining term (yrs)27.727.730.0
Secondary amount$0$108,772$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.687%7.640%
1st payment$1,170.08$1,170.08$1,949.81
2nd payment$0.00$725.15$0.00
Taxes / mo$323.83$323.83$323.83
Insurance / mo$150.00$150.00$150.00
MI / mo$81.10$81.10$56.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,725.02$2,450.16$2,479.97
Cash to close$140,062$31,290$31,290