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$15,062$15,062$242,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$227,038$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.723%7.640%
1st payment$106.44$106.44$1,676.25
2nd payment$0.00$1,466.29$0.00
Taxes / mo$203.58$203.58$203.58
Insurance / mo$150.00$150.00$150.00
MI / mo$7.05$7.05$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$467.07$1,933.36$2,078.25
Cash to close$253,938$26,900$26,900