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$37,416$37,416$229,500
Remaining term (yrs)7.27.230.0
Secondary amount$0$192,084$0
Funding fee$0$0$0
Note rate5.880%5.880%7.400%
Blended rate6.730%7.793%7.640%
1st payment$524.44$524.44$1,589.01
2nd payment$0.00$1,280.56$0.00
Taxes / mo$212.50$212.50$212.50
Insurance / mo$150.00$150.00$150.00
MI / mo$62.76$62.76$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$949.70$2,230.27$1,997.41
Cash to close$217,584$25,500$25,500