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$11,709$11,709$217,800
Remaining term (yrs)27.127.130.0
Secondary amount$0$206,091$0
Funding fee$0$0$0
Note rate6.570%6.570%7.320%
Blended rate7.120%7.716%7.560%
1st payment$77.03$77.03$1,496.13
2nd payment$0.00$1,331.00$0.00
Taxes / mo$531.88$531.88$531.88
Insurance / mo$150.00$150.00$150.00
MI / mo$5.54$5.54$43.56
HOA / mo$0.00$0.00$0.00
Total monthly$764.45$2,095.45$2,221.57
Cash to close$230,291$24,200$24,200