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$110,240$110,240$198,000
Remaining term (yrs)10.610.630.0
Secondary amount$0$87,760$0
Funding fee$0$0$0
Note rate6.170%6.170%7.320%
Blended rate7.020%7.898%7.560%
1st payment$1,171.20$1,171.20$1,360.12
2nd payment$0.00$658.20$0.00
Taxes / mo$86.75$86.75$86.75
Insurance / mo$150.00$150.00$150.00
MI / mo$135.88$135.88$39.60
HOA / mo$333.33$333.33$333.33
Total monthly$1,877.16$2,535.36$1,969.80
Cash to close$109,760$22,000$22,000