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$71,936$71,936$216,000
Remaining term (yrs)13.313.330.0
Secondary amount$0$144,064$0
Funding fee$0$0$0
Note rate5.010%5.010%7.320%
Blended rate5.860%7.287%7.560%
1st payment$611.91$611.91$1,483.77
2nd payment$0.00$960.42$0.00
Taxes / mo$81.75$81.75$81.75
Insurance / mo$150.00$150.00$150.00
MI / mo$80.65$80.65$43.20
HOA / mo$470.00$470.00$470.00
Total monthly$1,394.31$2,354.73$2,228.72
Cash to close$168,064$24,000$24,000