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$2,506$2,506$148,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$145,994$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%8.003%7.640%
1st payment$18.67$18.67$1,028.18
2nd payment$0.00$973.29$0.00
Taxes / mo$71.58$71.58$71.58
Insurance / mo$150.00$150.00$150.00
MI / mo$1.19$1.19$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$241.44$1,214.73$1,279.47
Cash to close$162,494$16,500$16,500