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$105,466$105,466$292,500
Remaining term (yrs)11.911.930.0
Secondary amount$0$187,034$0
Funding fee$0$0$0
Note rate6.400%6.400%7.320%
Blended rate7.250%7.730%7.560%
1st payment$1,046.33$1,046.33$2,009.27
2nd payment$0.00$1,246.90$0.00
Taxes / mo$309.83$309.83$309.83
Insurance / mo$150.00$150.00$150.00
MI / mo$118.49$118.49$58.50
HOA / mo$60.00$60.00$60.00
Total monthly$1,684.65$2,931.54$2,587.61
Cash to close$219,534$32,500$32,500