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$54,453$54,453$206,100
Remaining term (yrs)14.814.830.0
Secondary amount$0$151,647$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%7.366%7.640%
1st payment$425.18$425.18$1,426.99
2nd payment$0.00$1,010.98$0.00
Taxes / mo$144.92$144.92$144.92
Insurance / mo$150.00$150.00$150.00
MI / mo$57.73$57.73$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$777.83$1,788.81$1,763.13
Cash to close$174,547$22,900$22,900