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$37,607$37,607$180,000
Remaining term (yrs)8.88.830.0
Secondary amount$0$142,393$0
Funding fee$0$0$0
Note rate5.570%5.570%7.400%
Blended rate6.420%7.670%7.640%
1st payment$446.74$446.74$1,246.28
2nd payment$0.00$949.29$0.00
Taxes / mo$340.33$340.33$340.33
Insurance / mo$150.00$150.00$150.00
MI / mo$55.30$55.30$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$992.38$1,941.67$1,772.62
Cash to close$162,393$20,000$20,000