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$31,760$31,760$225,000
Remaining term (yrs)4.64.630.0
Secondary amount$0$193,240$0
Funding fee$0$0$0
Note rate7.250%7.250%7.320%
Blended rate8.100%8.014%7.560%
1st payment$660.29$660.29$1,545.59
2nd payment$0.00$1,288.27$0.00
Taxes / mo$140.42$140.42$140.42
Insurance / mo$150.00$150.00$150.00
MI / mo$68.56$68.56$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,019.27$2,307.54$1,881.01
Cash to close$218,240$25,000$25,000