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$23,537$23,537$179,100
Remaining term (yrs)4.84.830.0
Secondary amount$0$155,563$0
Funding fee$0$0$0
Note rate7.110%7.110%7.320%
Blended rate7.960%7.995%7.560%
1st payment$473.87$473.87$1,230.29
2nd payment$0.00$1,037.09$0.00
Taxes / mo$204.33$204.33$204.33
Insurance / mo$150.00$150.00$150.00
MI / mo$49.90$49.90$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$878.11$1,915.19$1,620.45
Cash to close$175,463$19,900$19,900