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$9,796$9,796$178,488
Remaining term (yrs)37.937.930.0
Secondary amount$0$168,692$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.946%7.640%
1st payment$57.77$57.77$1,235.81
2nd payment$0.00$1,124.61$0.00
Taxes / mo$165.27$165.27$165.27
Insurance / mo$150.00$150.00$150.00
MI / mo$4.54$4.54$35.70
HOA / mo$0.00$0.00$0.00
Total monthly$377.57$1,502.18$1,586.78
Cash to close$188,524$19,832$19,832