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$113,788$113,788$314,910
Remaining term (yrs)13.413.430.0
Secondary amount$0$201,122$0
Funding fee$0$0$0
Note rate5.170%5.170%7.400%
Blended rate6.020%7.125%7.640%
1st payment$977.25$977.25$2,180.37
2nd payment$0.00$1,298.92$0.00
Taxes / mo$521.50$521.50$521.50
Insurance / mo$150.00$150.00$150.00
MI / mo$126.49$126.49$62.98
HOA / mo$26.50$26.50$26.50
Total monthly$1,801.73$3,100.65$2,941.36
Cash to close$236,112$34,990$34,990