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$42,172$42,172$224,910
Remaining term (yrs)5.85.830.0
Secondary amount$0$182,738$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.390%7.886%7.560%
1st payment$717.88$717.88$1,544.98
2nd payment$0.00$1,218.25$0.00
Taxes / mo$188.58$188.58$188.58
Insurance / mo$150.00$150.00$150.00
MI / mo$80.12$80.12$44.98
HOA / mo$157.00$157.00$157.00
Total monthly$1,293.58$2,511.84$2,085.54
Cash to close$207,728$24,990$24,990