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$58,893$58,893$244,800
Remaining term (yrs)37.837.830.0
Secondary amount$0$185,907$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.858%7.640%
1st payment$363.87$363.87$1,694.95
2nd payment$0.00$1,239.38$0.00
Taxes / mo$133.23$133.23$133.23
Insurance / mo$150.00$150.00$150.00
MI / mo$27.28$27.28$48.96
HOA / mo$0.00$0.00$0.00
Total monthly$674.38$1,913.76$2,027.13
Cash to close$213,107$27,200$27,200