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$65,117$65,117$279,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$213,883$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.626%7.560%
1st payment$423.08$423.08$1,916.54
2nd payment$0.00$1,381.32$0.00
Taxes / mo$173.08$173.08$173.08
Insurance / mo$150.00$150.00$150.00
MI / mo$30.14$30.14$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$776.31$2,157.63$2,295.42
Cash to close$244,883$31,000$31,000