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$10,774$10,774$169,200
Remaining term (yrs)1.51.530.0
Secondary amount$0$158,426$0
Funding fee$0$0$0
Note rate7.130%7.130%7.320%
Blended rate7.980%7.999%7.560%
1st payment$572.95$572.95$1,162.29
2nd payment$0.00$1,056.17$0.00
Taxes / mo$55.25$55.25$55.25
Insurance / mo$150.00$150.00$150.00
MI / mo$60.21$60.21$33.84
HOA / mo$281.00$281.00$281.00
Total monthly$1,119.41$2,175.58$1,682.38
Cash to close$177,226$18,800$18,800