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$70,410$70,410$198,000
Remaining term (yrs)12.812.830.0
Secondary amount$0$127,590$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.413%7.640%
1st payment$635.55$635.55$1,370.91
2nd payment$0.00$850.60$0.00
Taxes / mo$418.67$418.67$418.67
Insurance / mo$150.00$150.00$150.00
MI / mo$79.29$79.29$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,283.51$2,134.11$1,979.18
Cash to close$149,590$22,000$22,000