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$31,736$31,736$202,500
Remaining term (yrs)11.811.830.0
Secondary amount$0$170,764$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate7.270%7.886%7.640%
1st payment$318.11$318.11$1,402.07
2nd payment$0.00$1,138.43$0.00
Taxes / mo$86.25$86.25$86.25
Insurance / mo$150.00$150.00$150.00
MI / mo$35.95$35.95$40.50
HOA / mo$55.00$55.00$55.00
Total monthly$645.31$1,783.73$1,733.82
Cash to close$193,264$22,500$22,500