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$22,358$22,358$238,500
Remaining term (yrs)5.65.630.0
Secondary amount$0$216,142$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.630%7.739%7.640%
1st payment$392.19$392.19$1,651.33
2nd payment$0.00$1,395.92$0.00
Taxes / mo$105.50$105.50$105.50
Insurance / mo$150.00$150.00$150.00
MI / mo$42.70$42.70$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$690.39$2,086.31$1,954.53
Cash to close$242,642$26,500$26,500