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$9,925$9,925$202,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$192,575$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%8.009%7.640%
1st payment$73.87$73.87$1,402.07
2nd payment$0.00$1,283.83$0.00
Taxes / mo$672.02$672.02$672.02
Insurance / mo$150.00$150.00$150.00
MI / mo$4.69$4.69$40.50
HOA / mo$12.25$12.25$12.25
Total monthly$912.82$2,196.65$2,276.83
Cash to close$215,075$22,500$22,500