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$56,382$56,382$216,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$159,618$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.880%7.560%
1st payment$383.17$383.17$1,483.77
2nd payment$0.00$1,064.12$0.00
Taxes / mo$173.17$173.17$173.17
Insurance / mo$150.00$150.00$150.00
MI / mo$26.42$26.42$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$732.76$1,796.89$1,850.14
Cash to close$183,618$24,000$24,000