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$8,260$8,260$198,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$189,740$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.979%7.560%
1st payment$57.44$57.44$1,360.12
2nd payment$0.00$1,264.93$0.00
Taxes / mo$183.33$183.33$183.33
Insurance / mo$150.00$150.00$150.00
MI / mo$3.90$3.90$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$394.67$1,659.60$1,733.06
Cash to close$211,740$22,000$22,000