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$36,849$36,849$233,100
Remaining term (yrs)7.87.830.0
Secondary amount$0$196,251$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate7.150%7.866%7.640%
1st payment$493.62$493.62$1,613.94
2nd payment$0.00$1,308.34$0.00
Taxes / mo$94.17$94.17$94.17
Insurance / mo$150.00$150.00$150.00
MI / mo$56.49$56.49$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$794.27$2,102.61$1,904.72
Cash to close$222,151$25,900$25,900