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$47,211$47,211$173,250
Remaining term (yrs)9.79.730.0
Secondary amount$0$126,039$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.450%7.850%7.640%
1st payment$544.94$544.94$1,199.55
2nd payment$0.00$840.26$0.00
Taxes / mo$160.42$160.42$160.42
Insurance / mo$150.00$150.00$150.00
MI / mo$60.44$60.44$34.65
HOA / mo$0.00$0.00$0.00
Total monthly$915.79$1,756.05$1,544.61
Cash to close$145,289$19,250$19,250