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$26,247$26,247$153,000
Remaining term (yrs)5.75.730.0
Secondary amount$0$126,753$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.560%7.925%7.640%
1st payment$454.15$454.15$1,059.34
2nd payment$0.00$845.02$0.00
Taxes / mo$80.50$80.50$80.50
Insurance / mo$150.00$150.00$150.00
MI / mo$49.80$49.80$30.60
HOA / mo$232.00$232.00$232.00
Total monthly$966.45$1,811.47$1,552.44
Cash to close$143,753$17,000$17,000