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$4,008$4,008$220,410
Remaining term (yrs)26.226.230.0
Secondary amount$0$216,402$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.752%7.640%
1st payment$28.56$28.56$1,526.07
2nd payment$0.00$1,397.60$0.00
Taxes / mo$204.08$204.08$204.08
Insurance / mo$150.00$150.00$150.00
MI / mo$1.89$1.89$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$384.54$1,782.13$1,924.24
Cash to close$240,892$24,490$24,490