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$18,313$18,313$116,910
Remaining term (yrs)11.011.030.0
Secondary amount$0$98,597$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate7.270%8.729%7.640%
1st payment$191.81$191.81$809.46
2nd payment$0.00$739.48$0.00
Taxes / mo$59.75$59.75$59.75
Insurance / mo$150.00$150.00$150.00
MI / mo$21.68$21.68$23.38
HOA / mo$363.00$363.00$363.00
Total monthly$786.23$1,525.71$1,405.59
Cash to close$111,587$12,990$12,990