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$41,968$41,968$225,000
Remaining term (yrs)12.212.230.0
Secondary amount$0$183,032$0
Funding fee$0$0$0
Note rate5.970%5.970%7.320%
Blended rate6.820%7.780%7.560%
1st payment$401.33$401.33$1,545.59
2nd payment$0.00$1,220.21$0.00
Taxes / mo$120.25$120.25$120.25
Insurance / mo$150.00$150.00$150.00
MI / mo$47.57$47.57$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$719.15$1,939.37$1,860.84
Cash to close$208,032$25,000$25,000