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$74,810$74,810$247,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$172,690$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.807%7.560%
1st payment$494.31$494.31$1,700.15
2nd payment$0.00$1,151.27$0.00
Taxes / mo$502.78$502.78$502.78
Insurance / mo$150.00$150.00$150.00
MI / mo$34.72$34.72$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,181.81$2,333.08$2,402.43
Cash to close$200,190$27,500$27,500