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$57,194$57,194$190,800
Remaining term (yrs)9.69.630.0
Secondary amount$0$133,606$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate7.110%7.733%7.640%
1st payment$654.34$654.34$1,321.06
2nd payment$0.00$890.71$0.00
Taxes / mo$167.33$167.33$167.33
Insurance / mo$150.00$150.00$150.00
MI / mo$75.20$75.20$38.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,046.87$1,937.57$1,676.55
Cash to close$154,806$21,200$21,200