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$9,185$9,185$233,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$223,915$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.741%7.640%
1st payment$64.60$64.60$1,613.94
2nd payment$0.00$1,446.12$0.00
Taxes / mo$215.83$215.83$215.83
Insurance / mo$150.00$150.00$150.00
MI / mo$4.37$4.37$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$434.81$1,880.93$2,026.39
Cash to close$249,815$25,900$25,900