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$13,577$13,577$229,500
Remaining term (yrs)4.64.630.0
Secondary amount$0$215,923$0
Funding fee$0$0$0
Note rate7.500%7.500%7.320%
Blended rate8.350%7.785%7.560%
1st payment$283.88$283.88$1,576.51
2nd payment$0.00$1,394.50$0.00
Taxes / mo$48.92$48.92$48.92
Insurance / mo$150.00$150.00$150.00
MI / mo$28.76$28.76$45.90
HOA / mo$205.00$205.00$205.00
Total monthly$716.56$2,111.06$2,026.32
Cash to close$241,423$25,500$25,500