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$47,833$47,833$215,100
Remaining term (yrs)5.65.630.0
Secondary amount$0$167,267$0
Funding fee$0$0$0
Note rate7.500%7.500%7.320%
Blended rate8.350%8.078%7.560%
1st payment$855.56$855.56$1,477.59
2nd payment$0.00$1,115.11$0.00
Taxes / mo$199.17$199.17$199.17
Insurance / mo$150.00$150.00$150.00
MI / mo$86.67$86.67$43.02
HOA / mo$365.00$365.00$365.00
Total monthly$1,656.40$2,771.51$2,234.77
Cash to close$191,167$23,900$23,900