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$41,242$41,242$220,500
Remaining term (yrs)8.48.430.0
Secondary amount$0$179,258$0
Funding fee$0$0$0
Note rate5.880%5.880%7.320%
Blended rate6.730%7.762%7.560%
1st payment$510.87$510.87$1,514.68
2nd payment$0.00$1,195.05$0.00
Taxes / mo$60.83$60.83$60.83
Insurance / mo$150.00$150.00$150.00
MI / mo$61.14$61.14$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$782.85$1,977.90$1,769.62
Cash to close$203,758$24,500$24,500