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$96,010$96,010$351,000
Remaining term (yrs)9.49.430.0
Secondary amount$0$254,990$0
Funding fee$0$0$0
Note rate6.250%6.250%7.400%
Blended rate7.100%7.572%7.640%
1st payment$1,111.82$1,111.82$2,430.25
2nd payment$0.00$1,646.81$0.00
Taxes / mo$162.75$162.75$162.75
Insurance / mo$150.00$150.00$150.00
MI / mo$127.91$127.91$70.20
HOA / mo$14.00$14.00$14.00
Total monthly$1,566.47$3,213.28$2,827.20
Cash to close$293,990$39,000$39,000