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$60,145$60,145$224,550
Remaining term (yrs)13.613.630.0
Secondary amount$0$164,405$0
Funding fee$0$0$0
Note rate5.060%5.060%7.400%
Blended rate5.910%7.440%7.640%
1st payment$506.64$506.64$1,554.74
2nd payment$0.00$1,096.04$0.00
Taxes / mo$221.83$221.83$221.83
Insurance / mo$150.00$150.00$150.00
MI / mo$66.40$66.40$44.91
HOA / mo$0.00$0.00$0.00
Total monthly$944.87$2,040.91$1,971.48
Cash to close$189,355$24,950$24,950