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$18,463$18,463$216,000
Remaining term (yrs)15.115.130.0
Secondary amount$0$197,537$0
Funding fee$0$0$0
Note rate4.060%4.060%7.400%
Blended rate4.910%7.736%7.640%
1st payment$135.49$135.49$1,495.54
2nd payment$0.00$1,316.92$0.00
Taxes / mo$84.25$84.25$84.25
Insurance / mo$150.00$150.00$150.00
MI / mo$19.96$19.96$43.20
HOA / mo$245.00$245.00$245.00
Total monthly$634.70$1,951.61$2,017.99
Cash to close$221,537$24,000$24,000