Dan Frey Home Loans
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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$9,314$9,314$221,310
Remaining term (yrs)24.924.930.0
Secondary amount$0$211,996$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.739%7.560%
1st payment$65.53$65.53$1,520.25
2nd payment$0.00$1,369.14$0.00
Taxes / mo$60.75$60.75$60.75
Insurance / mo$150.00$150.00$150.00
MI / mo$4.39$4.39$44.26
HOA / mo$775.00$775.00$775.00
Total monthly$1,055.67$2,424.81$2,550.26
Cash to close$236,586$24,590$24,590