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$9,407$9,407$238,500
Remaining term (yrs)1.51.530.0
Secondary amount$0$229,093$0
Funding fee$0$0$0
Note rate7.190%7.190%7.320%
Blended rate8.040%7.761%7.560%
1st payment$500.50$500.50$1,638.33
2nd payment$0.00$1,479.56$0.00
Taxes / mo$61.08$61.08$61.08
Insurance / mo$150.00$150.00$150.00
MI / mo$52.28$52.28$47.70
HOA / mo$205.00$205.00$205.00
Total monthly$968.86$2,448.42$2,102.11
Cash to close$255,593$26,500$26,500