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$14,176$14,176$157,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$143,324$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.948%7.640%
1st payment$94.67$94.67$1,090.50
2nd payment$0.00$955.49$0.00
Taxes / mo$76.83$76.83$76.83
Insurance / mo$150.00$150.00$150.00
MI / mo$6.61$6.61$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$328.12$1,283.61$1,348.83
Cash to close$160,824$17,500$17,500