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$11,713$11,713$206,100
Remaining term (yrs)3.43.430.0
Secondary amount$0$194,387$0
Funding fee$0$0$0
Note rate8.360%8.360%7.320%
Blended rate9.210%8.069%7.560%
1st payment$316.17$316.17$1,415.76
2nd payment$0.00$1,295.91$0.00
Taxes / mo$190.83$190.83$190.83
Insurance / mo$150.00$150.00$150.00
MI / mo$29.51$29.51$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$686.51$1,982.43$1,797.82
Cash to close$217,287$22,900$22,900