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$7,147$7,147$220,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$213,263$0
Funding fee$0$0$0
Note rate6.440%6.440%7.320%
Blended rate6.990%7.725%7.560%
1st payment$47.80$47.80$1,514.06
2nd payment$0.00$1,377.32$0.00
Taxes / mo$105.67$105.67$105.67
Insurance / mo$150.00$150.00$150.00
MI / mo$3.36$3.36$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$306.83$1,684.15$1,813.81
Cash to close$237,753$24,490$24,490