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$232,717$232,717$324,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$91,283$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.326%7.640%
1st payment$1,445.92$1,445.92$2,243.31
2nd payment$0.00$684.63$0.00
Taxes / mo$46.67$46.67$46.67
Insurance / mo$150.00$150.00$150.00
MI / mo$109.13$109.13$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,751.71$2,436.34$2,504.78
Cash to close$127,283$36,000$36,000