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$13,617$13,617$211,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$197,883$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.963%7.640%
1st payment$91.74$91.74$1,464.38
2nd payment$0.00$1,319.22$0.00
Taxes / mo$195.83$195.83$195.83
Insurance / mo$150.00$150.00$150.00
MI / mo$6.34$6.34$42.30
HOA / mo$858.00$858.00$858.00
Total monthly$1,301.91$2,621.14$2,710.52
Cash to close$221,383$23,500$23,500