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$60,150$60,150$238,500
Remaining term (yrs)6.66.630.0
Secondary amount$0$178,350$0
Funding fee$0$0$0
Note rate6.100%6.100%7.320%
Blended rate6.650%7.660%7.560%
1st payment$907.80$907.80$1,638.33
2nd payment$0.00$1,189.00$0.00
Taxes / mo$249.42$249.42$249.42
Insurance / mo$150.00$150.00$150.00
MI / mo$37.31$37.31$47.70
HOA / mo$22.50$22.50$22.50
Total monthly$1,367.03$2,556.02$2,107.95
Cash to close$204,850$26,500$26,500