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$23,516$23,516$198,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$174,484$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.905%7.640%
1st payment$157.12$157.12$1,370.91
2nd payment$0.00$1,163.23$0.00
Taxes / mo$413.17$413.17$413.17
Insurance / mo$150.00$150.00$150.00
MI / mo$10.97$10.97$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$731.25$1,894.48$1,973.68
Cash to close$196,484$22,000$22,000