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$1,992$1,992$224,910
Remaining term (yrs)38.138.130.0
Secondary amount$0$222,918$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.740%7.640%
1st payment$11.25$11.25$1,557.23
2nd payment$0.00$1,439.68$0.00
Taxes / mo$126.85$126.85$126.85
Insurance / mo$150.00$150.00$150.00
MI / mo$0.92$0.92$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$289.02$1,728.70$1,879.06
Cash to close$247,908$24,990$24,990