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$89,406$89,406$286,200
Remaining term (yrs)10.810.830.0
Secondary amount$0$196,794$0
Funding fee$0$0$0
Note rate6.530%6.530%7.400%
Blended rate7.380%7.806%7.640%
1st payment$956.19$956.19$1,981.59
2nd payment$0.00$1,311.96$0.00
Taxes / mo$114.67$114.67$114.67
Insurance / mo$150.00$150.00$150.00
MI / mo$106.82$106.82$57.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,327.68$2,639.64$2,303.50
Cash to close$228,594$31,800$31,800