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$1,354$1,354$215,910
Remaining term (yrs)0.20.230.0
Secondary amount$0$214,556$0
Funding fee$0$0$0
Note rate7.620%7.620%7.320%
Blended rate8.470%7.755%7.560%
1st payment$343.81$343.81$1,483.15
2nd payment$0.00$1,385.68$0.00
Taxes / mo$217.50$217.50$217.50
Insurance / mo$150.00$150.00$150.00
MI / mo$34.42$34.42$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$745.74$2,131.41$1,893.83
Cash to close$238,546$23,990$23,990