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$7,189$7,189$192,600
Remaining term (yrs)28.028.030.0
Secondary amount$0$185,411$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.965%7.640%
1st payment$46.42$46.42$1,333.52
2nd payment$0.00$1,236.07$0.00
Taxes / mo$60.16$60.16$60.16
Insurance / mo$150.00$150.00$150.00
MI / mo$3.37$3.37$38.52
HOA / mo$235.00$235.00$235.00
Total monthly$494.95$1,731.02$1,817.20
Cash to close$206,811$21,400$21,400