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$93,725$93,725$202,500
Remaining term (yrs)11.511.530.0
Secondary amount$0$108,775$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.468%7.640%
1st payment$932.50$932.50$1,402.07
2nd payment$0.00$725.17$0.00
Taxes / mo$112.83$112.83$112.83
Insurance / mo$150.00$150.00$150.00
MI / mo$110.17$110.17$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,305.50$2,030.67$1,705.40
Cash to close$131,275$22,500$22,500