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$39,266$39,266$170,910
Remaining term (yrs)11.911.930.0
Secondary amount$0$131,644$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate7.190%7.814%7.560%
1st payment$388.33$388.33$1,174.03
2nd payment$0.00$877.62$0.00
Taxes / mo$91.00$91.00$91.00
Insurance / mo$150.00$150.00$150.00
MI / mo$44.25$44.25$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$673.58$1,551.20$1,449.22
Cash to close$150,634$18,990$18,990