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$40,448$40,448$179,999
Remaining term (yrs)9.99.930.0
Secondary amount$0$139,552$0
Funding fee$0$0$0
Note rate7.000%7.000%7.320%
Blended rate7.850%7.966%7.560%
1st payment$469.63$469.63$1,236.47
2nd payment$0.00$930.34$0.00
Taxes / mo$124.42$124.42$124.42
Insurance / mo$150.00$150.00$150.00
MI / mo$50.00$50.00$36.00
HOA / mo$400.00$400.00$400.00
Total monthly$1,194.05$2,124.39$1,946.89
Cash to close$159,551$20,000$20,000