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$6,650$6,650$215,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$209,260$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.740%7.560%
1st payment$45.87$45.87$1,483.15
2nd payment$0.00$1,351.47$0.00
Taxes / mo$265.67$265.67$265.67
Insurance / mo$150.00$150.00$150.00
MI / mo$3.13$3.13$43.18
HOA / mo$54.00$54.00$54.00
Total monthly$518.66$1,870.13$1,996.00
Cash to close$233,250$23,990$23,990