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$34,058$34,058$157,500
Remaining term (yrs)6.96.930.0
Secondary amount$0$123,442$0
Funding fee$0$0$0
Note rate5.970%5.970%7.400%
Blended rate6.820%7.745%7.640%
1st payment$492.34$492.34$1,090.50
2nd payment$0.00$822.95$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$54.28$54.28$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$842.45$1,665.40$1,417.83
Cash to close$140,942$17,500$17,500