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$9,434$9,434$297,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$287,566$0
Funding fee$0$0$0
Note rate6.750%6.750%7.400%
Blended rate7.300%7.736%7.640%
1st payment$65.18$65.18$2,056.37
2nd payment$0.00$1,857.20$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$4.39$4.39$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$494.57$2,351.77$2,540.77
Cash to close$320,566$33,000$33,000