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$11,556$11,556$224,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$213,354$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.726%7.640%
1st payment$78.52$78.52$1,557.23
2nd payment$0.00$1,377.91$0.00
Taxes / mo$317.18$317.18$317.18
Insurance / mo$150.00$150.00$150.00
MI / mo$5.44$5.44$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$551.14$1,929.05$2,069.39
Cash to close$238,344$24,990$24,990