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$31,720$31,720$234,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$202,280$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.703%7.640%
1st payment$216.49$216.49$1,620.17
2nd payment$0.00$1,306.39$0.00
Taxes / mo$270.92$270.92$270.92
Insurance / mo$150.00$150.00$150.00
MI / mo$14.82$14.82$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$652.22$1,958.62$2,087.89
Cash to close$228,280$26,000$26,000