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$109,038$109,038$395,910
Remaining term (yrs)11.011.030.0
Secondary amount$0$286,872$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate7.220%7.604%7.560%
1st payment$1,139.21$1,139.21$2,719.63
2nd payment$0.00$1,852.72$0.00
Taxes / mo$82.08$82.08$82.08
Insurance / mo$150.00$150.00$150.00
MI / mo$129.41$129.41$79.18
HOA / mo$5.83$5.83$5.83
Total monthly$1,506.54$3,359.25$3,036.72
Cash to close$330,862$43,990$43,990