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$38,745$38,745$162,000
Remaining term (yrs)15.915.930.0
Secondary amount$0$123,255$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.773%7.560%
1st payment$326.07$326.07$1,112.83
2nd payment$0.00$821.70$0.00
Taxes / mo$325.33$325.33$325.33
Insurance / mo$150.00$150.00$150.00
MI / mo$17.81$17.81$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$819.22$1,640.91$1,620.56
Cash to close$141,255$18,000$18,000