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$43,694$43,694$233,910
Remaining term (yrs)36.536.530.0
Secondary amount$0$190,216$0
Funding fee$0$0$0
Note rate5.420%5.420%7.400%
Blended rate5.970%7.621%7.640%
1st payment$228.86$228.86$1,619.55
2nd payment$0.00$1,268.10$0.00
Taxes / mo$211.00$211.00$211.00
Insurance / mo$150.00$150.00$150.00
MI / mo$20.55$20.55$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$610.42$1,878.52$2,027.33
Cash to close$216,206$25,990$25,990