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$140,702$140,702$207,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$66,298$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%6.920%7.640%
1st payment$816.70$816.70$1,433.23
2nd payment$0.00$497.24$0.00
Taxes / mo$101.92$101.92$101.92
Insurance / mo$150.00$150.00$150.00
MI / mo$106.67$106.67$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,175.29$1,672.52$1,726.54
Cash to close$89,298$23,000$23,000