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$6,078$6,078$229,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$223,422$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.738%7.560%
1st payment$42.18$42.18$1,576.51
2nd payment$0.00$1,442.93$0.00
Taxes / mo$326.25$326.25$326.25
Insurance / mo$150.00$150.00$150.00
MI / mo$2.88$2.88$45.90
HOA / mo$83.33$83.33$83.33
Total monthly$604.64$2,047.57$2,181.99
Cash to close$248,922$25,500$25,500