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$32,093$32,093$193,500
Remaining term (yrs)6.36.330.0
Secondary amount$0$161,407$0
Funding fee$0$0$0
Note rate5.900%5.900%7.320%
Blended rate6.750%7.793%7.560%
1st payment$496.37$496.37$1,329.21
2nd payment$0.00$1,076.05$0.00
Taxes / mo$61.83$61.83$61.83
Insurance / mo$150.00$150.00$150.00
MI / mo$59.28$59.28$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$767.48$1,843.53$1,579.74
Cash to close$182,907$21,500$21,500