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$16,229$16,229$204,210
Remaining term (yrs)26.526.530.0
Secondary amount$0$187,981$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.936%7.560%
1st payment$108.43$108.43$1,402.78
2nd payment$0.00$1,253.21$0.00
Taxes / mo$43.25$43.25$43.25
Insurance / mo$150.00$150.00$150.00
MI / mo$7.57$7.57$40.84
HOA / mo$0.00$0.00$0.00
Total monthly$309.25$1,562.46$1,636.87
Cash to close$210,671$22,690$22,690