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$12,837$12,837$242,100
Remaining term (yrs)3.93.930.0
Secondary amount$0$229,263$0
Funding fee$0$0$0
Note rate7.990%7.990%7.400%
Blended rate8.840%7.808%7.640%
1st payment$307.89$307.89$1,676.25
2nd payment$0.00$1,480.66$0.00
Taxes / mo$224.17$224.17$224.17
Insurance / mo$150.00$150.00$150.00
MI / mo$29.75$29.75$48.42
HOA / mo$435.00$435.00$435.00
Total monthly$1,146.81$2,627.46$2,533.84
Cash to close$256,163$26,900$26,900