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$8,505$8,505$213,210
Remaining term (yrs)2.32.330.0
Secondary amount$0$204,705$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.790%7.752%7.560%
1st payment$319.40$319.40$1,464.60
2nd payment$0.00$1,322.05$0.00
Taxes / mo$116.83$116.83$116.83
Insurance / mo$150.00$150.00$150.00
MI / mo$34.21$34.21$42.64
HOA / mo$150.00$150.00$150.00
Total monthly$770.44$2,092.50$1,924.08
Cash to close$228,395$23,690$23,690