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$56,822$56,822$193,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$136,678$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.721%7.640%
1st payment$360.47$360.47$1,339.75
2nd payment$0.00$911.19$0.00
Taxes / mo$138.75$138.75$138.75
Insurance / mo$150.00$150.00$150.00
MI / mo$26.14$26.14$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$675.36$1,586.54$1,667.20
Cash to close$158,178$21,500$21,500