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$0$0$144,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$144,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%8.000%7.560%
1st payment$0.00$0.00$989.18
2nd payment$0.00$960.00$0.00
Taxes / mo$343.00$343.00$343.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$493.00$1,453.00$1,510.98
Cash to close$160,000$16,000$16,000