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$29,155$29,155$210,600
Remaining term (yrs)36.636.630.0
Secondary amount$0$181,445$0
Funding fee$0$0$0
Note rate5.420%5.420%7.400%
Blended rate5.970%7.719%7.640%
1st payment$152.60$152.60$1,458.15
2nd payment$0.00$1,209.64$0.00
Taxes / mo$199.42$199.42$199.42
Insurance / mo$150.00$150.00$150.00
MI / mo$13.70$13.70$42.12
HOA / mo$0.00$0.00$0.00
Total monthly$515.72$1,725.35$1,849.69
Cash to close$204,845$23,400$23,400