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$116,343$116,343$143,550
Remaining term (yrs)28.028.030.0
Secondary amount$0$27,207$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.087%7.640%
1st payment$720.65$720.65$993.91
2nd payment$0.00$204.05$0.00
Taxes / mo$47.58$47.58$47.58
Insurance / mo$150.00$150.00$150.00
MI / mo$54.56$54.56$28.71
HOA / mo$0.00$0.00$0.00
Total monthly$972.80$1,176.85$1,220.20
Cash to close$43,157$15,950$15,950