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$9,930$9,930$207,900
Remaining term (yrs)1.51.530.0
Secondary amount$0$197,970$0
Funding fee$0$0$0
Note rate7.190%7.190%7.400%
Blended rate8.040%8.002%7.640%
1st payment$528.34$528.34$1,439.46
2nd payment$0.00$1,319.80$0.00
Taxes / mo$231.67$231.67$231.67
Insurance / mo$150.00$150.00$150.00
MI / mo$55.19$55.19$41.58
HOA / mo$126.67$126.67$126.67
Total monthly$1,091.87$2,411.67$1,989.37
Cash to close$221,070$23,100$23,100