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$18,471$18,471$157,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$139,029$0
Funding fee$0$0$0
Note rate6.880%6.880%7.320%
Blended rate7.430%7.933%7.560%
1st payment$129.80$129.80$1,081.92
2nd payment$0.00$926.86$0.00
Taxes / mo$482.00$482.00$482.00
Insurance / mo$150.00$150.00$150.00
MI / mo$8.75$8.75$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$770.55$1,697.41$1,745.42
Cash to close$156,529$17,500$17,500