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$20,377$20,377$197,910
Remaining term (yrs)38.638.630.0
Secondary amount$0$177,533$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.934%7.560%
1st payment$124.61$124.61$1,359.50
2nd payment$0.00$1,183.55$0.00
Taxes / mo$379.41$379.41$379.41
Insurance / mo$150.00$150.00$150.00
MI / mo$9.40$9.40$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$663.42$1,846.97$1,928.49
Cash to close$199,523$21,990$21,990