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$26,049$26,049$205,200
Remaining term (yrs)6.76.730.0
Secondary amount$0$179,151$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.660%7.830%7.560%
1st payment$385.65$385.65$1,409.58
2nd payment$0.00$1,194.34$0.00
Taxes / mo$39.08$39.08$39.08
Insurance / mo$150.00$150.00$150.00
MI / mo$46.50$46.50$41.04
HOA / mo$350.00$350.00$350.00
Total monthly$971.23$2,165.58$1,989.70
Cash to close$201,951$22,800$22,800