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$55,428$55,428$223,200
Remaining term (yrs)29.029.030.0
Secondary amount$0$167,772$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.724%7.640%
1st payment$347.85$347.85$1,545.39
2nd payment$0.00$1,118.48$0.00
Taxes / mo$72.42$72.42$72.42
Insurance / mo$150.00$150.00$150.00
MI / mo$25.65$25.65$44.64
HOA / mo$0.00$0.00$0.00
Total monthly$595.92$1,714.40$1,812.45
Cash to close$192,572$24,800$24,800