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$54,989$54,989$184,500
Remaining term (yrs)12.012.030.0
Secondary amount$0$129,511$0
Funding fee$0$0$0
Note rate6.070%6.070%7.400%
Blended rate6.920%7.678%7.640%
1st payment$533.59$533.59$1,277.44
2nd payment$0.00$863.41$0.00
Taxes / mo$170.83$170.83$170.83
Insurance / mo$150.00$150.00$150.00
MI / mo$62.57$62.57$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$916.99$1,780.40$1,635.17
Cash to close$150,011$20,500$20,500