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$18,241$18,241$258,876
Remaining term (yrs)24.424.430.0
Secondary amount$0$240,635$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.725%7.560%
1st payment$128.00$128.00$1,778.30
2nd payment$0.00$1,554.10$0.00
Taxes / mo$239.70$239.70$239.70
Insurance / mo$150.00$150.00$150.00
MI / mo$8.54$8.54$51.78
HOA / mo$0.00$0.00$0.00
Total monthly$526.24$2,080.34$2,219.77
Cash to close$269,399$28,764$28,764