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$52,222$52,222$188,910
Remaining term (yrs)7.67.630.0
Secondary amount$0$136,688$0
Funding fee$0$0$0
Note rate5.790%5.790%7.400%
Blended rate6.640%7.624%7.640%
1st payment$698.24$698.24$1,307.97
2nd payment$0.00$911.25$0.00
Taxes / mo$112.50$112.50$112.50
Insurance / mo$150.00$150.00$150.00
MI / mo$84.38$84.38$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,045.12$1,956.37$1,608.26
Cash to close$157,678$20,990$20,990