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$37,112$37,112$207,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$169,888$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.710%7.948%7.640%
1st payment$712.61$712.61$1,433.23
2nd payment$0.00$1,132.59$0.00
Taxes / mo$237.42$237.42$237.42
Insurance / mo$150.00$150.00$150.00
MI / mo$76.95$76.95$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,176.98$2,309.56$1,862.04
Cash to close$192,888$23,000$23,000