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$77,083$77,083$171,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$93,917$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%7.129%7.560%
1st payment$487.52$487.52$1,174.65
2nd payment$0.00$704.38$0.00
Taxes / mo$194.08$194.08$194.08
Insurance / mo$150.00$150.00$150.00
MI / mo$72.33$72.33$34.20
HOA / mo$287.00$287.00$287.00
Total monthly$1,190.93$1,895.31$1,839.93
Cash to close$112,917$19,000$19,000