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$84,703$84,703$180,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$95,297$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%7.659%7.640%
1st payment$501.46$501.46$1,246.28
2nd payment$0.00$714.73$0.00
Taxes / mo$164.33$164.33$164.33
Insurance / mo$150.00$150.00$150.00
MI / mo$63.96$63.96$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$879.75$1,594.48$1,596.62
Cash to close$115,297$20,000$20,000