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$48,539$48,539$225,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$176,461$0
Funding fee$0$0$0
Note rate5.980%5.980%7.320%
Blended rate6.530%7.683%7.560%
1st payment$308.65$308.65$1,545.59
2nd payment$0.00$1,176.41$0.00
Taxes / mo$336.83$336.83$336.83
Insurance / mo$150.00$150.00$150.00
MI / mo$22.37$22.37$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$817.85$1,994.25$2,077.42
Cash to close$201,461$25,000$25,000