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$15,355$15,355$179,910
Remaining term (yrs)6.86.830.0
Secondary amount$0$164,555$0
Funding fee$0$0$0
Note rate5.450%5.450%7.400%
Blended rate6.300%7.855%7.640%
1st payment$222.47$222.47$1,245.66
2nd payment$0.00$1,097.03$0.00
Taxes / mo$240.42$240.42$240.42
Insurance / mo$150.00$150.00$150.00
MI / mo$27.91$27.91$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$640.80$1,737.83$1,672.06
Cash to close$184,545$19,990$19,990