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$48,623$48,623$211,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$162,877$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.729%7.560%
1st payment$313.91$313.91$1,452.86
2nd payment$0.00$1,085.85$0.00
Taxes / mo$38.97$38.97$38.97
Insurance / mo$150.00$150.00$150.00
MI / mo$23.32$23.32$42.30
HOA / mo$456.00$456.00$456.00
Total monthly$982.20$2,068.04$2,140.13
Cash to close$186,377$23,500$23,500