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$16,444$16,444$233,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$216,656$0
Funding fee$0$0$0
Note rate7.040%7.040%7.320%
Blended rate7.590%7.739%7.560%
1st payment$117.37$117.37$1,601.24
2nd payment$0.00$1,399.24$0.00
Taxes / mo$415.92$415.92$415.92
Insurance / mo$150.00$150.00$150.00
MI / mo$7.69$7.69$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$690.98$2,090.22$2,213.77
Cash to close$242,556$25,900$25,900