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$57,050$57,050$202,500
Remaining term (yrs)13.713.730.0
Secondary amount$0$145,450$0
Funding fee$0$0$0
Note rate5.060%5.060%7.320%
Blended rate5.910%7.411%7.560%
1st payment$478.57$478.57$1,391.03
2nd payment$0.00$969.67$0.00
Taxes / mo$82.33$82.33$82.33
Insurance / mo$150.00$150.00$150.00
MI / mo$62.72$62.72$40.50
HOA / mo$310.00$310.00$310.00
Total monthly$1,083.62$2,053.29$1,973.87
Cash to close$167,950$22,500$22,500