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$39,687$39,687$157,500
Remaining term (yrs)12.712.730.0
Secondary amount$0$117,813$0
Funding fee$0$0$0
Note rate5.290%5.290%7.320%
Blended rate6.140%7.531%7.560%
1st payment$355.56$355.56$1,081.92
2nd payment$0.00$785.42$0.00
Taxes / mo$124.10$124.10$124.10
Insurance / mo$150.00$150.00$150.00
MI / mo$45.40$45.40$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$675.06$1,460.48$1,387.51
Cash to close$135,313$17,500$17,500