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$49,098$49,098$207,000
Remaining term (yrs)14.614.630.0
Secondary amount$0$157,902$0
Funding fee$0$0$0
Note rate4.840%4.840%7.400%
Blended rate5.690%7.452%7.640%
1st payment$388.62$388.62$1,433.23
2nd payment$0.00$1,052.68$0.00
Taxes / mo$191.67$191.67$191.67
Insurance / mo$150.00$150.00$150.00
MI / mo$52.23$52.23$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$782.51$1,835.19$1,816.29
Cash to close$180,902$23,000$23,000