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$77,779$77,779$216,000
Remaining term (yrs)13.913.930.0
Secondary amount$0$138,221$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.600%7.136%7.560%
1st payment$634.72$634.72$1,483.77
2nd payment$0.00$921.48$0.00
Taxes / mo$377.67$377.67$377.67
Insurance / mo$150.00$150.00$150.00
MI / mo$86.19$86.19$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,248.58$2,170.05$2,054.64
Cash to close$162,221$24,000$24,000