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$29,574$29,574$229,500
Remaining term (yrs)4.64.630.0
Secondary amount$0$199,926$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.950%7.994%7.640%
1st payment$612.75$612.75$1,589.01
2nd payment$0.00$1,332.84$0.00
Taxes / mo$94.42$94.42$94.42
Insurance / mo$150.00$150.00$150.00
MI / mo$64.59$64.59$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$921.75$2,254.60$1,879.33
Cash to close$225,426$25,500$25,500