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$17,628$17,628$206,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$188,472$0
Funding fee$0$0$0
Note rate7.230%7.230%7.400%
Blended rate7.780%7.981%7.640%
1st payment$125.19$125.19$1,426.99
2nd payment$0.00$1,256.48$0.00
Taxes / mo$153.17$153.17$153.17
Insurance / mo$150.00$150.00$150.00
MI / mo$8.35$8.35$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$436.71$1,693.19$1,771.38
Cash to close$211,372$22,900$22,900