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$237,097$237,097$315,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$77,903$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.246%7.640%
1st payment$1,502.77$1,502.77$2,181.00
2nd payment$0.00$584.27$0.00
Taxes / mo$83.67$83.67$83.67
Insurance / mo$150.00$150.00$150.00
MI / mo$113.42$113.42$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,849.85$2,434.12$2,477.66
Cash to close$112,903$35,000$35,000