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$50,149$50,149$184,500
Remaining term (yrs)8.38.330.0
Secondary amount$0$134,351$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.687%7.640%
1st payment$633.62$633.62$1,277.44
2nd payment$0.00$895.67$0.00
Taxes / mo$114.00$114.00$114.00
Insurance / mo$150.00$150.00$150.00
MI / mo$74.86$74.86$36.90
HOA / mo$400.00$400.00$400.00
Total monthly$1,372.48$2,268.15$1,978.34
Cash to close$154,851$20,500$20,500