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$18,763$18,763$166,500
Remaining term (yrs)4.94.930.0
Secondary amount$0$147,737$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%7.977%7.560%
1st payment$365.99$365.99$1,143.74
2nd payment$0.00$984.92$0.00
Taxes / mo$27.17$27.17$27.17
Insurance / mo$150.00$150.00$150.00
MI / mo$39.16$39.16$33.30
HOA / mo$629.00$629.00$629.00
Total monthly$1,211.32$2,196.23$1,983.21
Cash to close$166,237$18,500$18,500