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$75,022$75,022$197,910
Remaining term (yrs)22.322.330.0
Secondary amount$0$122,888$0
Funding fee$0$0$0
Note rate4.550%4.550%7.320%
Blended rate5.400%7.014%7.560%
1st payment$445.38$445.38$1,359.50
2nd payment$0.00$819.25$0.00
Taxes / mo$96.58$96.58$96.58
Insurance / mo$150.00$150.00$150.00
MI / mo$61.90$61.90$39.58
HOA / mo$63.00$63.00$63.00
Total monthly$816.86$1,636.11$1,708.67
Cash to close$144,878$21,990$21,990