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$11,689$11,689$211,950
Remaining term (yrs)25.125.130.0
Secondary amount$0$200,261$0
Funding fee$0$0$0
Note rate7.190%7.190%7.320%
Blended rate7.740%7.749%7.560%
1st payment$83.74$83.74$1,455.95
2nd payment$0.00$1,293.35$0.00
Taxes / mo$574.00$574.00$574.00
Insurance / mo$150.00$150.00$150.00
MI / mo$5.54$5.54$42.39
HOA / mo$0.00$0.00$0.00
Total monthly$813.28$2,106.64$2,222.34
Cash to close$223,811$23,550$23,550