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$54,643$54,643$225,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$170,357$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.599%7.640%
1st payment$491.06$491.06$1,557.85
2nd payment$0.00$1,135.71$0.00
Taxes / mo$82.71$82.71$82.71
Insurance / mo$150.00$150.00$150.00
MI / mo$61.26$61.26$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$785.03$1,920.75$1,835.56
Cash to close$195,357$25,000$25,000