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$101,755$101,755$229,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$127,655$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%6.838%7.640%
1st payment$625.08$625.08$1,588.39
2nd payment$0.00$851.04$0.00
Taxes / mo$156.42$156.42$156.42
Insurance / mo$150.00$150.00$150.00
MI / mo$85.68$85.68$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,017.17$1,868.21$1,940.69
Cash to close$153,145$25,490$25,490