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$5,355$5,355$153,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$147,645$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.982%7.640%
1st payment$37.90$37.90$1,059.34
2nd payment$0.00$984.30$0.00
Taxes / mo$107.50$107.50$107.50
Insurance / mo$150.00$150.00$150.00
MI / mo$2.51$2.51$30.60
HOA / mo$0.00$0.00$0.00
Total monthly$297.91$1,282.21$1,347.44
Cash to close$164,645$17,000$17,000