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$47,575$47,575$207,000
Remaining term (yrs)9.39.330.0
Secondary amount$0$159,425$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate7.110%7.795%7.560%
1st payment$558.29$558.29$1,421.95
2nd payment$0.00$1,062.84$0.00
Taxes / mo$66.42$66.42$66.42
Insurance / mo$150.00$150.00$150.00
MI / mo$64.16$64.16$41.40
HOA / mo$467.00$467.00$467.00
Total monthly$1,305.87$2,368.70$2,146.76
Cash to close$182,425$23,000$23,000