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$93,989$93,989$449,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$355,921$0
Funding fee$0$0$0
Note rate7.570%7.570%7.320%
Blended rate8.120%7.827%7.560%
1st payment$680.51$680.51$3,090.57
2nd payment$0.00$2,298.66$0.00
Taxes / mo$228.58$228.58$228.58
Insurance / mo$166.67$166.67$166.67
MI / mo$44.30$44.30$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,120.07$3,418.72$3,575.80
Cash to close$405,911$49,990$49,990