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$12,476$12,476$198,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$185,524$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.952%7.560%
1st payment$86.52$86.52$1,360.12
2nd payment$0.00$1,236.83$0.00
Taxes / mo$455.58$455.58$455.58
Insurance / mo$150.00$150.00$150.00
MI / mo$5.86$5.86$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$697.96$1,934.79$2,005.31
Cash to close$207,524$22,000$22,000