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$11,955$11,955$229,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$217,545$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.734%7.640%
1st payment$80.78$80.78$1,589.01
2nd payment$0.00$1,404.98$0.00
Taxes / mo$351.83$351.83$351.83
Insurance / mo$150.00$150.00$150.00
MI / mo$5.57$5.57$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$588.19$1,993.16$2,136.74
Cash to close$243,045$25,500$25,500