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$20,611$20,611$193,410
Remaining term (yrs)26.726.730.0
Secondary amount$0$172,799$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.932%7.640%
1st payment$139.53$139.53$1,339.13
2nd payment$0.00$1,151.99$0.00
Taxes / mo$72.83$72.83$72.83
Insurance / mo$150.00$150.00$150.00
MI / mo$9.59$9.59$38.68
HOA / mo$0.00$0.00$0.00
Total monthly$371.95$1,523.94$1,600.65
Cash to close$194,289$21,490$21,490