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$16,099$16,099$220,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$204,311$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.732%7.640%
1st payment$109.63$109.63$1,526.07
2nd payment$0.00$1,319.51$0.00
Taxes / mo$275.28$275.28$275.28
Insurance / mo$150.00$150.00$150.00
MI / mo$7.51$7.51$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$542.41$1,861.92$1,995.43
Cash to close$228,801$24,490$24,490