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$61,837$61,837$211,500
Remaining term (yrs)11.511.530.0
Secondary amount$0$149,663$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.664%7.640%
1st payment$615.23$615.23$1,464.38
2nd payment$0.00$997.75$0.00
Taxes / mo$112.31$112.31$112.31
Insurance / mo$150.00$150.00$150.00
MI / mo$72.69$72.69$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$950.23$1,947.98$1,768.99
Cash to close$173,163$23,500$23,500