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$6,553$6,553$215,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$209,357$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.739%7.640%
1st payment$46.83$46.83$1,494.92
2nd payment$0.00$1,352.10$0.00
Taxes / mo$258.00$258.00$258.00
Insurance / mo$150.00$150.00$150.00
MI / mo$3.08$3.08$43.18
HOA / mo$320.00$320.00$320.00
Total monthly$777.91$2,130.01$2,266.10
Cash to close$233,347$23,990$23,990