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$73,274$73,274$206,100
Remaining term (yrs)12.812.830.0
Secondary amount$0$132,826$0
Funding fee$0$0$0
Note rate5.320%5.320%7.320%
Blended rate6.170%7.349%7.560%
1st payment$654.63$654.63$1,415.76
2nd payment$0.00$885.50$0.00
Taxes / mo$186.92$186.92$186.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.32$83.32$41.22
HOA / mo$154.00$154.00$154.00
Total monthly$1,228.86$2,114.36$1,947.90
Cash to close$155,726$22,900$22,900