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$5,978$5,978$179,991
Remaining term (yrs)25.725.730.0
Secondary amount$0$174,013$0
Funding fee$0$0$0
Note rate6.830%6.830%7.320%
Blended rate7.380%7.979%7.560%
1st payment$41.10$41.10$1,236.41
2nd payment$0.00$1,160.09$0.00
Taxes / mo$166.66$166.66$166.66
Insurance / mo$150.00$150.00$150.00
MI / mo$2.78$2.78$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$360.54$1,520.63$1,589.07
Cash to close$194,012$19,999$19,999