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$18,553$18,553$211,410
Remaining term (yrs)4.44.430.0
Secondary amount$0$192,857$0
Funding fee$0$0$0
Note rate6.010%6.010%7.400%
Blended rate6.560%7.874%7.640%
1st payment$386.75$386.75$1,463.76
2nd payment$0.00$1,285.72$0.00
Taxes / mo$61.83$61.83$61.83
Insurance / mo$150.00$150.00$150.00
MI / mo$9.17$9.17$42.28
HOA / mo$0.00$0.00$0.00
Total monthly$607.75$1,893.46$1,717.88
Cash to close$216,347$23,490$23,490