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$21,271$21,271$171,900
Remaining term (yrs)5.05.030.0
Secondary amount$0$150,629$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.570%7.947%7.640%
1st payment$407.04$407.04$1,190.20
2nd payment$0.00$1,004.19$0.00
Taxes / mo$248.17$248.17$248.17
Insurance / mo$150.00$150.00$150.00
MI / mo$44.59$44.59$34.38
HOA / mo$0.00$0.00$0.00
Total monthly$849.79$1,853.98$1,622.75
Cash to close$169,729$19,100$19,100