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$8,163$8,163$193,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$185,337$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.976%7.640%
1st payment$55.76$55.76$1,339.75
2nd payment$0.00$1,235.58$0.00
Taxes / mo$324.69$324.69$324.69
Insurance / mo$150.00$150.00$150.00
MI / mo$3.81$3.81$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$534.26$1,769.84$1,853.14
Cash to close$206,837$21,500$21,500