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$20,322$20,322$220,050
Remaining term (yrs)25.325.330.0
Secondary amount$0$199,728$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.944%7.640%
1st payment$140.69$140.69$1,523.58
2nd payment$0.00$1,331.52$0.00
Taxes / mo$569.67$569.67$569.67
Insurance / mo$150.00$150.00$150.00
MI / mo$9.52$9.52$44.01
HOA / mo$0.00$0.00$0.00
Total monthly$869.87$2,201.39$2,287.26
Cash to close$224,178$24,450$24,450