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$30,065$30,065$216,000
Remaining term (yrs)6.26.230.0
Secondary amount$0$185,935$0
Funding fee$0$0$0
Note rate6.100%6.100%7.320%
Blended rate6.950%7.854%7.560%
1st payment$477.91$477.91$1,483.77
2nd payment$0.00$1,239.56$0.00
Taxes / mo$80.17$80.17$80.17
Insurance / mo$150.00$150.00$150.00
MI / mo$55.86$55.86$43.20
HOA / mo$230.00$230.00$230.00
Total monthly$993.94$2,233.51$1,987.14
Cash to close$209,935$24,000$24,000