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$110,626$110,626$170,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$60,284$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.964%7.640%
1st payment$733.89$733.89$1,183.35
2nd payment$0.00$452.13$0.00
Taxes / mo$37.25$37.25$37.25
Insurance / mo$150.00$150.00$150.00
MI / mo$51.33$51.33$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$972.47$1,424.60$1,404.78
Cash to close$79,274$18,990$18,990