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$116,677$116,677$148,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$31,823$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.562%7.640%
1st payment$767.98$767.98$1,028.18
2nd payment$0.00$238.67$0.00
Taxes / mo$78.92$78.92$78.92
Insurance / mo$150.00$150.00$150.00
MI / mo$55.00$55.00$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,051.89$1,290.56$1,286.80
Cash to close$48,323$16,500$16,500