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$32,325$32,325$242,910
Remaining term (yrs)6.16.130.0
Secondary amount$0$210,585$0
Funding fee$0$0$0
Note rate6.010%6.010%7.400%
Blended rate6.860%7.632%7.640%
1st payment$518.07$518.07$1,681.86
2nd payment$0.00$1,360.03$0.00
Taxes / mo$98.33$98.33$98.33
Insurance / mo$150.00$150.00$150.00
MI / mo$61.14$61.14$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$827.54$2,187.57$1,978.78
Cash to close$237,575$26,990$26,990