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$39,481$39,481$180,000
Remaining term (yrs)10.910.930.0
Secondary amount$0$140,519$0
Funding fee$0$0$0
Note rate6.380%6.380%7.400%
Blended rate7.230%7.831%7.640%
1st payment$414.82$414.82$1,246.28
2nd payment$0.00$936.80$0.00
Taxes / mo$391.92$391.92$391.92
Insurance / mo$150.00$150.00$150.00
MI / mo$47.07$47.07$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,003.81$1,940.61$1,824.20
Cash to close$160,519$20,000$20,000