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$22,898$22,898$233,100
Remaining term (yrs)7.97.930.0
Secondary amount$0$210,202$0
Funding fee$0$0$0
Note rate5.870%5.870%7.400%
Blended rate6.720%7.649%7.640%
1st payment$297.04$297.04$1,613.94
2nd payment$0.00$1,357.56$0.00
Taxes / mo$215.83$215.83$215.83
Insurance / mo$150.00$150.00$150.00
MI / mo$35.59$35.59$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$698.46$2,056.02$2,026.39
Cash to close$236,102$25,900$25,900