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$15,947$15,947$238,455
Remaining term (yrs)23.523.530.0
Secondary amount$0$222,508$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.727%7.560%
1st payment$113.59$113.59$1,638.02
2nd payment$0.00$1,437.03$0.00
Taxes / mo$449.25$449.25$449.25
Insurance / mo$150.00$150.00$150.00
MI / mo$7.47$7.47$47.69
HOA / mo$0.00$0.00$0.00
Total monthly$720.30$2,157.33$2,284.96
Cash to close$249,003$26,495$26,495