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$7,158$7,158$287,910
Remaining term (yrs)37.837.830.0
Secondary amount$0$280,752$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.740%7.560%
1st payment$43.97$43.97$1,977.74
2nd payment$0.00$1,813.19$0.00
Taxes / mo$172.42$172.42$172.42
Insurance / mo$150.00$150.00$150.00
MI / mo$3.30$3.30$57.58
HOA / mo$47.00$47.00$47.00
Total monthly$416.69$2,229.88$2,404.74
Cash to close$312,742$31,990$31,990