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$58,956$58,956$225,000
Remaining term (yrs)11.611.630.0
Secondary amount$0$166,044$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.699%7.640%
1st payment$583.69$583.69$1,557.85
2nd payment$0.00$1,106.96$0.00
Taxes / mo$112.17$112.17$112.17
Insurance / mo$150.00$150.00$150.00
MI / mo$68.96$68.96$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$914.82$2,021.78$1,865.02
Cash to close$191,044$25,000$25,000