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$15,337$15,337$234,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$218,663$0
Funding fee$0$0$0
Note rate7.080%7.080%7.320%
Blended rate7.930%7.762%7.560%
1st payment$110.42$110.42$1,607.42
2nd payment$0.00$1,412.20$0.00
Taxes / mo$254.42$254.42$254.42
Insurance / mo$150.00$150.00$150.00
MI / mo$11.42$11.42$46.80
HOA / mo$13.75$13.75$13.75
Total monthly$540.01$1,952.21$2,072.38
Cash to close$244,663$26,000$26,000