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$4,008$4,008$224,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$220,902$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.752%7.640%
1st payment$28.56$28.56$1,557.23
2nd payment$0.00$1,426.66$0.00
Taxes / mo$193.33$193.33$193.33
Insurance / mo$150.00$150.00$150.00
MI / mo$1.89$1.89$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$373.79$1,800.45$1,945.55
Cash to close$245,892$24,990$24,990