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$27,017$27,017$180,000
Remaining term (yrs)5.45.430.0
Secondary amount$0$152,983$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.810%7.971%7.560%
1st payment$493.85$493.85$1,236.48
2nd payment$0.00$1,019.89$0.00
Taxes / mo$185.83$185.83$185.83
Insurance / mo$150.00$150.00$150.00
MI / mo$52.79$52.79$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$882.47$1,902.36$1,608.31
Cash to close$172,983$20,000$20,000