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$57,220$57,220$161,999
Remaining term (yrs)25.825.830.0
Secondary amount$0$104,779$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%7.322%7.640%
1st payment$336.36$336.36$1,121.65
2nd payment$0.00$698.53$0.00
Taxes / mo$53.42$53.42$53.42
Insurance / mo$150.00$150.00$150.00
MI / mo$43.24$43.24$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$583.02$1,281.55$1,357.47
Cash to close$122,779$18,000$18,000