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$5,366$5,366$197,991
Remaining term (yrs)0.60.630.0
Secondary amount$0$192,625$0
Funding fee$0$0$0
Note rate8.140%8.140%7.320%
Blended rate8.990%8.027%7.560%
1st payment$616.58$616.58$1,360.06
2nd payment$0.00$1,284.17$0.00
Taxes / mo$112.58$112.58$112.58
Insurance / mo$150.00$150.00$150.00
MI / mo$58.74$58.74$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$937.90$2,222.07$1,662.24
Cash to close$214,624$21,999$21,999