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$9,932$9,932$242,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$232,168$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.736%7.560%
1st payment$68.57$68.57$1,663.06
2nd payment$0.00$1,499.42$0.00
Taxes / mo$85.42$85.42$85.42
Insurance / mo$150.00$150.00$150.00
MI / mo$4.64$4.64$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$308.62$1,808.04$1,946.90
Cash to close$259,068$26,900$26,900