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$6,601$6,601$234,000
Remaining term (yrs)38.938.930.0
Secondary amount$0$227,399$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.738%7.640%
1st payment$40.12$40.12$1,620.17
2nd payment$0.00$1,468.62$0.00
Taxes / mo$178.75$178.75$178.75
Insurance / mo$150.00$150.00$150.00
MI / mo$3.04$3.04$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$371.91$1,840.53$1,995.72
Cash to close$253,399$26,000$26,000