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$16,636$16,636$197,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$181,274$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.940%7.560%
1st payment$114.55$114.55$1,359.50
2nd payment$0.00$1,208.49$0.00
Taxes / mo$267.58$267.58$267.58
Insurance / mo$150.00$150.00$150.00
MI / mo$7.72$7.72$39.58
HOA / mo$5.42$5.42$5.42
Total monthly$545.27$1,753.76$1,822.09
Cash to close$203,264$21,990$21,990