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$111,530$111,530$315,000
Remaining term (yrs)11.411.430.0
Secondary amount$0$203,470$0
Funding fee$0$0$0
Note rate6.040%6.040%7.400%
Blended rate6.890%7.446%7.640%
1st payment$1,117.47$1,117.47$2,181.00
2nd payment$0.00$1,314.07$0.00
Taxes / mo$134.42$134.42$134.42
Insurance / mo$150.00$150.00$150.00
MI / mo$131.46$131.46$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,533.34$2,847.41$2,528.41
Cash to close$238,470$35,000$35,000