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$44,473$44,473$171,000
Remaining term (yrs)9.49.430.0
Secondary amount$0$126,527$0
Funding fee$0$0$0
Note rate6.250%6.250%7.320%
Blended rate7.100%7.766%7.560%
1st payment$518.30$518.30$1,174.65
2nd payment$0.00$843.52$0.00
Taxes / mo$91.00$91.00$91.00
Insurance / mo$150.00$150.00$150.00
MI / mo$59.63$59.63$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$818.93$1,662.45$1,449.85
Cash to close$145,527$19,000$19,000