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$23,875$23,875$152,910
Remaining term (yrs)37.537.530.0
Secondary amount$0$129,035$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.889%7.640%
1st payment$145.68$145.68$1,058.72
2nd payment$0.00$860.24$0.00
Taxes / mo$187.75$187.75$187.75
Insurance / mo$150.00$150.00$150.00
MI / mo$11.08$11.08$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$494.51$1,354.75$1,427.05
Cash to close$146,025$16,990$16,990