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$10,737$10,737$237,510
Remaining term (yrs)2.02.030.0
Secondary amount$0$226,773$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.340%7.731%7.640%
1st payment$443.80$443.80$1,644.47
2nd payment$0.00$1,464.57$0.00
Taxes / mo$210.17$210.17$210.17
Insurance / mo$150.00$150.00$150.00
MI / mo$49.79$49.79$47.50
HOA / mo$225.00$225.00$225.00
Total monthly$1,078.75$2,543.33$2,277.14
Cash to close$253,163$26,390$26,390