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$36,213$36,213$234,000
Remaining term (yrs)7.17.130.0
Secondary amount$0$197,787$0
Funding fee$0$0$0
Note rate6.250%6.250%7.240%
Blended rate7.100%7.861%7.480%
1st payment$518.71$518.71$1,594.71
2nd payment$0.00$1,318.58$0.00
Taxes / mo$78.50$78.50$78.50
Insurance / mo$150.00$150.00$150.00
MI / mo$59.67$59.67$46.80
HOA / mo$12.50$12.50$12.50
Total monthly$819.38$2,137.96$1,882.51
Cash to close$223,787$26,000$26,000