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$63,536$63,536$216,000
Remaining term (yrs)10.510.530.0
Secondary amount$0$152,464$0
Funding fee$0$0$0
Note rate5.620%5.620%7.400%
Blended rate6.470%7.550%7.640%
1st payment$661.06$661.06$1,495.54
2nd payment$0.00$1,016.43$0.00
Taxes / mo$96.25$96.25$96.25
Insurance / mo$150.00$150.00$150.00
MI / mo$81.39$81.39$43.20
HOA / mo$450.00$450.00$450.00
Total monthly$1,438.69$2,455.12$2,234.99
Cash to close$176,464$24,000$24,000