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$49,004$49,004$188,910
Remaining term (yrs)5.65.630.0
Secondary amount$0$139,906$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.840%7.958%7.560%
1st payment$864.50$864.50$1,297.68
2nd payment$0.00$932.71$0.00
Taxes / mo$273.83$273.83$273.83
Insurance / mo$150.00$150.00$150.00
MI / mo$92.13$92.13$37.78
HOA / mo$300.00$300.00$300.00
Total monthly$1,680.47$2,613.17$2,059.30
Cash to close$160,896$20,990$20,990