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$47,007$47,007$225,000
Remaining term (yrs)13.413.430.0
Secondary amount$0$177,993$0
Funding fee$0$0$0
Note rate5.380%5.380%7.320%
Blended rate6.230%7.630%7.560%
1st payment$407.10$407.10$1,545.59
2nd payment$0.00$1,186.62$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$150.00$150.00$150.00
MI / mo$51.47$51.47$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$816.90$2,003.52$1,948.93
Cash to close$202,993$25,000$25,000