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$58,239$58,239$215,100
Remaining term (yrs)8.78.730.0
Secondary amount$0$156,861$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%7.597%7.640%
1st payment$699.44$699.44$1,489.31
2nd payment$0.00$1,045.74$0.00
Taxes / mo$53.25$53.25$53.25
Insurance / mo$150.00$150.00$150.00
MI / mo$85.74$85.74$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$988.43$2,034.16$1,735.58
Cash to close$180,761$23,900$23,900