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$20,099$20,099$223,899
Remaining term (yrs)4.34.330.0
Secondary amount$0$203,800$0
Funding fee$0$0$0
Note rate7.160%7.160%7.400%
Blended rate8.010%7.773%7.640%
1st payment$443.47$443.47$1,550.23
2nd payment$0.00$1,316.21$0.00
Taxes / mo$523.33$523.33$523.33
Insurance / mo$150.00$150.00$150.00
MI / mo$46.00$46.00$44.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,162.81$2,479.02$2,268.35
Cash to close$228,678$24,878$24,878