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$8,254$8,254$247,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$239,246$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.736%7.640%
1st payment$55.24$55.24$1,713.64
2nd payment$0.00$1,545.13$0.00
Taxes / mo$231.13$231.13$231.13
Insurance / mo$150.00$150.00$150.00
MI / mo$3.90$3.90$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$440.27$1,985.40$2,144.27
Cash to close$266,746$27,500$27,500