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$20,102$20,102$243,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$222,898$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.687%7.640%
1st payment$132.41$132.41$1,682.48
2nd payment$0.00$1,439.55$0.00
Taxes / mo$170.75$170.75$170.75
Insurance / mo$150.00$150.00$150.00
MI / mo$9.44$9.44$48.60
HOA / mo$71.00$71.00$71.00
Total monthly$533.60$1,973.15$2,122.83
Cash to close$249,898$27,000$27,000