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$14,840$14,840$195,300
Remaining term (yrs)24.824.830.0
Secondary amount$0$180,460$0
Funding fee$0$0$0
Note rate6.860%6.860%7.320%
Blended rate7.410%7.955%7.560%
1st payment$103.70$103.70$1,341.58
2nd payment$0.00$1,203.06$0.00
Taxes / mo$386.39$386.39$386.39
Insurance / mo$150.00$150.00$150.00
MI / mo$6.91$6.91$39.06
HOA / mo$0.00$0.00$0.00
Total monthly$647.00$1,850.06$1,917.02
Cash to close$202,160$21,700$21,700