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$21,700$21,700$414,000
Remaining term (yrs)36.936.930.0
Secondary amount$0$392,300$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.730%7.640%
1st payment$134.01$134.01$2,866.45
2nd payment$0.00$2,533.60$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$10.11$10.11$82.80
HOA / mo$200.00$200.00$200.00
Total monthly$894.12$3,427.72$3,699.25
Cash to close$438,300$46,000$46,000