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$128,520$128,520$198,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$69,480$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.682%7.640%
1st payment$841.88$841.88$1,370.91
2nd payment$0.00$521.10$0.00
Taxes / mo$76.00$76.00$76.00
Insurance / mo$150.00$150.00$150.00
MI / mo$61.56$61.56$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,129.44$1,650.54$1,636.51
Cash to close$91,480$22,000$22,000