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$52,718$52,718$269,550
Remaining term (yrs)4.84.830.0
Secondary amount$0$216,832$0
Funding fee$0$0$0
Note rate7.380%7.380%7.320%
Blended rate8.230%7.844%7.560%
1st payment$1,068.13$1,068.13$1,851.62
2nd payment$0.00$1,400.37$0.00
Taxes / mo$358.67$358.67$358.67
Insurance / mo$150.00$150.00$150.00
MI / mo$109.49$109.49$53.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,686.29$3,086.66$2,414.20
Cash to close$246,782$29,950$29,950