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$199,819$199,819$607,500
Remaining term (yrs)29.829.830.0
Secondary amount$0$407,681$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.520%7.640%
1st payment$1,264.14$1,264.14$4,206.21
2nd payment$0.00$2,632.94$0.00
Taxes / mo$360.42$360.42$360.42
Insurance / mo$166.67$166.67$166.67
MI / mo$91.67$91.67$121.50
HOA / mo$58.00$58.00$58.00
Total monthly$1,940.89$4,573.82$4,912.79
Cash to close$475,181$67,500$67,500