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$20,077$20,077$241,200
Remaining term (yrs)3.13.130.0
Secondary amount$0$221,123$0
Funding fee$0$0$0
Note rate7.930%7.930%7.320%
Blended rate8.780%7.836%7.560%
1st payment$585.66$585.66$1,656.88
2nd payment$0.00$1,428.09$0.00
Taxes / mo$81.83$81.83$81.83
Insurance / mo$150.00$150.00$150.00
MI / mo$56.91$56.91$48.24
HOA / mo$494.00$494.00$494.00
Total monthly$1,368.41$2,796.50$2,430.95
Cash to close$247,923$26,800$26,800