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$42,007$42,007$249,300
Remaining term (yrs)6.46.430.0
Secondary amount$0$207,293$0
Funding fee$0$0$0
Note rate5.930%5.930%7.400%
Blended rate6.780%7.587%7.640%
1st payment$650.31$650.31$1,726.10
2nd payment$0.00$1,338.77$0.00
Taxes / mo$230.83$230.83$230.83
Insurance / mo$150.00$150.00$150.00
MI / mo$77.41$77.41$49.86
HOA / mo$108.00$108.00$108.00
Total monthly$1,216.55$2,555.32$2,264.80
Cash to close$234,993$27,700$27,700