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$83,775$83,775$117,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$33,225$0
Funding fee$0$0$0
Note rate7.620%7.620%7.320%
Blended rate8.170%8.406%7.560%
1st payment$608.25$608.25$803.71
2nd payment$0.00$249.18$0.00
Taxes / mo$73.42$73.42$73.42
Insurance / mo$150.00$150.00$150.00
MI / mo$39.41$39.41$23.40
HOA / mo$0.00$0.00$0.00
Total monthly$871.07$1,120.26$1,050.53
Cash to close$46,225$13,000$13,000