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$11,371$11,371$189,000
Remaining term (yrs)38.838.830.0
Secondary amount$0$177,629$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.951%7.560%
1st payment$68.10$68.10$1,298.30
2nd payment$0.00$1,184.19$0.00
Taxes / mo$285.42$285.42$285.42
Insurance / mo$150.00$150.00$150.00
MI / mo$5.24$5.24$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$508.75$1,692.95$1,771.52
Cash to close$198,629$21,000$21,000