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$13,285$13,285$206,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$193,625$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.968%7.640%
1st payment$90.30$90.30$1,432.60
2nd payment$0.00$1,290.83$0.00
Taxes / mo$154.75$154.75$154.75
Insurance / mo$150.00$150.00$150.00
MI / mo$6.19$6.19$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$401.23$1,692.06$1,778.74
Cash to close$216,615$22,990$22,990