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$58,794$58,794$270,000
Remaining term (yrs)6.66.630.0
Secondary amount$0$211,206$0
Funding fee$0$0$0
Note rate6.000%6.000%7.320%
Blended rate6.850%7.554%7.560%
1st payment$884.52$884.52$1,854.71
2nd payment$0.00$1,364.04$0.00
Taxes / mo$200.92$200.92$200.92
Insurance / mo$150.00$150.00$150.00
MI / mo$104.50$104.50$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,339.93$2,703.97$2,259.63
Cash to close$241,206$30,000$30,000