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$6,919$6,919$247,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$240,581$0
Funding fee$0$0$0
Note rate7.630%7.630%7.320%
Blended rate8.180%7.762%7.560%
1st payment$52.20$52.20$1,700.15
2nd payment$0.00$1,553.75$0.00
Taxes / mo$207.42$207.42$207.42
Insurance / mo$150.00$150.00$150.00
MI / mo$3.28$3.28$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$412.89$1,966.64$2,107.07
Cash to close$268,081$27,500$27,500