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$34,515$34,515$159,300
Remaining term (yrs)6.66.630.0
Secondary amount$0$124,785$0
Funding fee$0$0$0
Note rate5.910%5.910%7.400%
Blended rate6.760%7.731%7.640%
1st payment$517.78$517.78$1,102.96
2nd payment$0.00$831.90$0.00
Taxes / mo$96.75$96.75$96.75
Insurance / mo$150.00$150.00$150.00
MI / mo$61.77$61.77$31.86
HOA / mo$344.00$344.00$344.00
Total monthly$1,170.30$2,002.19$1,725.57
Cash to close$142,485$17,700$17,700