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$141,560$141,560$265,050
Remaining term (yrs)27.927.930.0
Secondary amount$0$123,490$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.290%7.640%
1st payment$880.52$880.52$1,835.15
2nd payment$0.00$823.27$0.00
Taxes / mo$220.50$220.50$220.50
Insurance / mo$150.00$150.00$150.00
MI / mo$66.46$66.46$53.01
HOA / mo$0.00$0.00$0.00
Total monthly$1,317.48$2,140.75$2,258.66
Cash to close$152,940$29,450$29,450