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$18,942$18,942$251,100
Remaining term (yrs)4.04.030.0
Secondary amount$0$232,158$0
Funding fee$0$0$0
Note rate8.040%8.040%7.400%
Blended rate8.890%7.836%7.640%
1st payment$447.08$447.08$1,738.57
2nd payment$0.00$1,499.36$0.00
Taxes / mo$232.50$232.50$232.50
Insurance / mo$150.00$150.00$150.00
MI / mo$43.00$43.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$872.58$2,371.93$2,171.29
Cash to close$260,058$27,900$27,900