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$75,577$75,577$261,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$185,423$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.838%7.640%
1st payment$507.67$507.67$1,807.11
2nd payment$0.00$1,236.16$0.00
Taxes / mo$241.67$241.67$241.67
Insurance / mo$150.00$150.00$150.00
MI / mo$35.37$35.37$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$934.70$2,170.85$2,250.98
Cash to close$214,423$29,000$29,000