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$49,284$49,284$225,000
Remaining term (yrs)11.511.530.0
Secondary amount$0$175,716$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.980%7.777%7.640%
1st payment$493.64$493.64$1,557.85
2nd payment$0.00$1,171.44$0.00
Taxes / mo$32.50$32.50$32.50
Insurance / mo$150.00$150.00$150.00
MI / mo$57.52$57.52$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$733.66$1,905.10$1,785.35
Cash to close$200,716$25,000$25,000