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$39,909$39,909$180,000
Remaining term (yrs)10.410.430.0
Secondary amount$0$140,091$0
Funding fee$0$0$0
Note rate6.210%6.210%7.400%
Blended rate7.060%7.792%7.640%
1st payment$431.94$431.94$1,246.28
2nd payment$0.00$933.94$0.00
Taxes / mo$108.50$108.50$108.50
Insurance / mo$150.00$150.00$150.00
MI / mo$49.90$49.90$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$740.34$1,674.28$1,540.78
Cash to close$160,091$20,000$20,000