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$42,207$42,207$170,100
Remaining term (yrs)7.47.430.0
Secondary amount$0$127,893$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%7.603%7.640%
1st payment$569.30$569.30$1,177.74
2nd payment$0.00$852.62$0.00
Taxes / mo$209.25$209.25$209.25
Insurance / mo$150.00$150.00$150.00
MI / mo$70.63$70.63$34.02
HOA / mo$0.00$0.00$0.00
Total monthly$999.18$1,851.80$1,571.01
Cash to close$146,793$18,900$18,900