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$49,794$49,794$238,500
Remaining term (yrs)38.938.930.0
Secondary amount$0$188,706$0
Funding fee$0$0$0
Note rate6.750%6.750%7.400%
Blended rate7.300%7.854%7.640%
1st payment$301.83$301.83$1,651.33
2nd payment$0.00$1,258.04$0.00
Taxes / mo$171.58$171.58$171.58
Insurance / mo$150.00$150.00$150.00
MI / mo$22.93$22.93$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$646.34$1,904.38$2,020.61
Cash to close$215,206$26,500$26,500