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$46,325$46,325$220,500
Remaining term (yrs)8.48.430.0
Secondary amount$0$174,175$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.660%7.718%7.560%
1st payment$576.58$576.58$1,514.68
2nd payment$0.00$1,161.17$0.00
Taxes / mo$106.77$106.77$106.77
Insurance / mo$150.00$150.00$150.00
MI / mo$69.53$69.53$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$902.89$2,064.05$1,815.56
Cash to close$198,675$24,500$24,500