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$12,662$12,662$225,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$212,338$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.730%7.560%
1st payment$85.87$85.87$1,545.59
2nd payment$0.00$1,371.35$0.00
Taxes / mo$381.18$381.18$381.18
Insurance / mo$150.00$150.00$150.00
MI / mo$5.88$5.88$45.00
HOA / mo$55.00$55.00$55.00
Total monthly$677.92$2,049.27$2,176.77
Cash to close$237,338$25,000$25,000