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$6,508$6,508$218,700
Remaining term (yrs)24.424.430.0
Secondary amount$0$212,192$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.737%7.640%
1st payment$45.34$45.34$1,514.23
2nd payment$0.00$1,370.41$0.00
Taxes / mo$194.42$194.42$194.42
Insurance / mo$150.00$150.00$150.00
MI / mo$3.09$3.09$43.74
HOA / mo$0.00$0.00$0.00
Total monthly$392.84$1,763.25$1,902.39
Cash to close$236,492$24,300$24,300