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$43,157$43,157$225,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$181,843$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.870%7.560%
1st payment$290.09$290.09$1,545.59
2nd payment$0.00$1,212.28$0.00
Taxes / mo$62.17$62.17$62.17
Insurance / mo$150.00$150.00$150.00
MI / mo$20.24$20.24$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$522.49$1,734.78$1,802.76
Cash to close$206,843$25,000$25,000