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$75,881$75,881$198,000
Remaining term (yrs)13.913.930.0
Secondary amount$0$122,119$0
Funding fee$0$0$0
Note rate4.560%4.560%7.400%
Blended rate5.410%7.007%7.640%
1st payment$611.92$611.92$1,370.91
2nd payment$0.00$814.12$0.00
Taxes / mo$128.17$128.17$128.17
Insurance / mo$150.00$150.00$150.00
MI / mo$84.95$84.95$39.60
HOA / mo$324.00$324.00$324.00
Total monthly$1,299.03$2,113.15$2,012.68
Cash to close$144,119$22,000$22,000