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$62,275$62,275$184,500
Remaining term (yrs)11.111.130.0
Secondary amount$0$122,225$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate7.270%7.754%7.560%
1st payment$648.94$648.94$1,267.39
2nd payment$0.00$814.83$0.00
Taxes / mo$51.67$51.67$51.67
Insurance / mo$150.00$150.00$150.00
MI / mo$73.33$73.33$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$923.94$1,738.78$1,505.95
Cash to close$142,725$20,500$20,500