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$3,192$3,192$228,600
Remaining term (yrs)26.726.730.0
Secondary amount$0$225,408$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.746%7.560%
1st payment$21.77$21.77$1,570.32
2nd payment$0.00$1,455.76$0.00
Taxes / mo$273.84$273.84$273.84
Insurance / mo$150.00$150.00$150.00
MI / mo$1.48$1.48$45.72
HOA / mo$0.00$0.00$0.00
Total monthly$447.09$1,902.85$2,039.88
Cash to close$250,808$25,400$25,400