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$5,724$5,724$211,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$205,776$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.737%7.560%
1st payment$40.72$40.72$1,452.86
2nd payment$0.00$1,328.97$0.00
Taxes / mo$139.08$139.08$139.08
Insurance / mo$150.00$150.00$150.00
MI / mo$2.67$2.67$42.30
HOA / mo$21.67$21.67$21.67
Total monthly$354.14$1,683.11$1,805.91
Cash to close$229,276$23,500$23,500