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$50,425$50,425$197,100
Remaining term (yrs)13.613.630.0
Secondary amount$0$146,675$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.450%7.560%
1st payment$423.21$423.21$1,353.94
2nd payment$0.00$977.83$0.00
Taxes / mo$275.92$275.92$275.92
Insurance / mo$150.00$150.00$150.00
MI / mo$55.84$55.84$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$904.97$1,882.81$1,819.28
Cash to close$168,575$21,900$21,900