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$10,075$10,075$152,910
Remaining term (yrs)3.73.730.0
Secondary amount$0$142,835$0
Funding fee$0$0$0
Note rate9.380%9.380%7.400%
Blended rate10.230%8.147%7.640%
1st payment$261.59$261.59$1,058.72
2nd payment$0.00$952.24$0.00
Taxes / mo$32.92$32.92$32.92
Insurance / mo$150.00$150.00$150.00
MI / mo$22.27$22.27$30.58
HOA / mo$240.00$240.00$240.00
Total monthly$706.78$1,659.01$1,512.22
Cash to close$159,825$16,990$16,990