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$31,008$31,008$229,500
Remaining term (yrs)17.617.630.0
Secondary amount$0$198,492$0
Funding fee$0$0$0
Note rate4.340%4.340%7.400%
Blended rate5.190%7.620%7.640%
1st payment$209.03$209.03$1,589.01
2nd payment$0.00$1,323.28$0.00
Taxes / mo$479.25$479.25$479.25
Insurance / mo$150.00$150.00$150.00
MI / mo$29.78$29.78$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$868.06$2,191.34$2,264.16
Cash to close$223,992$25,500$25,500