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$30,852$30,852$225,000
Remaining term (yrs)6.66.630.0
Secondary amount$0$194,148$0
Funding fee$0$0$0
Note rate5.790%5.790%7.400%
Blended rate6.640%7.814%7.640%
1st payment$461.07$461.07$1,557.85
2nd payment$0.00$1,294.32$0.00
Taxes / mo$94.67$94.67$94.67
Insurance / mo$150.00$150.00$150.00
MI / mo$55.72$55.72$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$761.46$2,055.77$1,847.52
Cash to close$219,148$25,000$25,000