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$21,681$21,681$198,000
Remaining term (yrs)5.45.430.0
Secondary amount$0$176,319$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.720%7.969%7.640%
1st payment$390.54$390.54$1,370.91
2nd payment$0.00$1,175.46$0.00
Taxes / mo$69.17$69.17$69.17
Insurance / mo$150.00$150.00$150.00
MI / mo$42.13$42.13$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$651.83$1,827.29$1,629.68
Cash to close$198,319$22,000$22,000