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$14,780$14,780$193,500
Remaining term (yrs)2.52.530.0
Secondary amount$0$178,720$0
Funding fee$0$0$0
Note rate7.110%7.110%7.400%
Blended rate7.960%7.997%7.640%
1st payment$508.42$508.42$1,339.75
2nd payment$0.00$1,191.46$0.00
Taxes / mo$153.33$153.33$153.33
Insurance / mo$150.00$150.00$150.00
MI / mo$53.53$53.53$38.70
HOA / mo$400.00$400.00$400.00
Total monthly$1,265.29$2,456.75$2,081.79
Cash to close$200,220$21,500$21,500