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$69,115$69,115$169,650
Remaining term (yrs)27.027.030.0
Secondary amount$0$100,535$0
Funding fee$0$0$0
Note rate7.200%7.200%7.320%
Blended rate7.750%7.898%7.560%
1st payment$483.47$483.47$1,165.38
2nd payment$0.00$670.23$0.00
Taxes / mo$39.08$39.08$39.08
Insurance / mo$150.00$150.00$150.00
MI / mo$32.64$32.64$33.93
HOA / mo$0.00$0.00$0.00
Total monthly$705.20$1,375.43$1,388.39
Cash to close$119,385$18,850$18,850