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$19,307$19,307$286,200
Remaining term (yrs)4.14.130.0
Secondary amount$0$266,893$0
Funding fee$0$0$0
Note rate7.820%7.820%7.400%
Blended rate8.670%7.812%7.640%
1st payment$446.18$446.18$1,981.59
2nd payment$0.00$1,723.68$0.00
Taxes / mo$68.75$68.75$68.75
Insurance / mo$150.00$150.00$150.00
MI / mo$43.82$43.82$57.24
HOA / mo$0.00$0.00$0.00
Total monthly$708.74$2,432.43$2,257.58
Cash to close$298,693$31,800$31,800