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$7,034$7,034$166,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$159,376$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.975%7.640%
1st payment$49.49$49.49$1,152.19
2nd payment$0.00$1,062.50$0.00
Taxes / mo$189.83$189.83$189.83
Insurance / mo$150.00$150.00$150.00
MI / mo$3.30$3.30$33.28
HOA / mo$375.00$375.00$375.00
Total monthly$767.63$1,830.13$1,900.30
Cash to close$177,866$18,490$18,490