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$39,173$39,173$162,000
Remaining term (yrs)38.338.330.0
Secondary amount$0$122,827$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.823%7.560%
1st payment$237.46$237.46$1,112.83
2nd payment$0.00$818.85$0.00
Taxes / mo$110.95$110.95$110.95
Insurance / mo$150.00$150.00$150.00
MI / mo$18.10$18.10$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$516.51$1,335.36$1,406.17
Cash to close$140,827$18,000$18,000