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$6,890$6,890$197,910
Remaining term (yrs)1.11.130.0
Secondary amount$0$191,020$0
Funding fee$0$0$0
Note rate7.310%7.310%7.400%
Blended rate8.160%8.006%7.640%
1st payment$482.06$482.06$1,370.29
2nd payment$0.00$1,273.46$0.00
Taxes / mo$456.42$456.42$456.42
Insurance / mo$150.00$150.00$150.00
MI / mo$49.76$49.76$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,138.23$2,411.69$2,016.29
Cash to close$213,010$21,990$21,990