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$23,496$23,496$202,410
Remaining term (yrs)3.93.930.0
Secondary amount$0$178,914$0
Funding fee$0$0$0
Note rate8.220%8.220%7.400%
Blended rate9.070%8.124%7.640%
1st payment$576.04$576.04$1,401.45
2nd payment$0.00$1,192.76$0.00
Taxes / mo$132.25$132.25$132.25
Insurance / mo$150.00$150.00$150.00
MI / mo$54.47$54.47$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$912.76$2,105.52$1,724.18
Cash to close$201,404$22,490$22,490