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$31,034$31,034$224,100
Remaining term (yrs)6.36.330.0
Secondary amount$0$193,066$0
Funding fee$0$0$0
Note rate5.890%5.890%7.320%
Blended rate6.740%7.826%7.560%
1st payment$484.97$484.97$1,539.41
2nd payment$0.00$1,287.10$0.00
Taxes / mo$158.58$158.58$158.58
Insurance / mo$150.00$150.00$150.00
MI / mo$57.98$57.98$44.82
HOA / mo$238.00$238.00$238.00
Total monthly$1,089.53$2,376.64$2,130.81
Cash to close$217,966$24,900$24,900