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$65,578$65,578$202,500
Remaining term (yrs)7.77.730.0
Secondary amount$0$136,922$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.730%7.913%7.640%
1st payment$904.38$904.38$1,402.07
2nd payment$0.00$912.81$0.00
Taxes / mo$184.08$184.08$184.08
Insurance / mo$150.00$150.00$150.00
MI / mo$97.47$97.47$40.50
HOA / mo$299.00$299.00$299.00
Total monthly$1,634.93$2,547.74$2,075.65
Cash to close$159,422$22,500$22,500