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$12,875$12,875$224,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$212,035$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.732%7.640%
1st payment$93.80$93.80$1,557.23
2nd payment$0.00$1,369.39$0.00
Taxes / mo$160.32$160.32$160.32
Insurance / mo$150.00$150.00$150.00
MI / mo$6.05$6.05$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$410.17$1,779.56$1,912.53
Cash to close$237,025$24,990$24,990