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$42,930$42,930$243,000
Remaining term (yrs)6.46.430.0
Secondary amount$0$200,070$0
Funding fee$0$0$0
Note rate5.860%5.860%7.240%
Blended rate6.710%7.566%7.480%
1st payment$656.28$656.28$1,656.04
2nd payment$0.00$1,292.12$0.00
Taxes / mo$341.25$341.25$341.25
Insurance / mo$150.00$150.00$150.00
MI / mo$78.71$78.71$48.60
HOA / mo$121.00$121.00$121.00
Total monthly$1,347.24$2,639.36$2,316.89
Cash to close$227,070$27,000$27,000