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$46,762$46,762$188,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$142,148$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.812%7.560%
1st payment$306.78$306.78$1,297.68
2nd payment$0.00$947.65$0.00
Taxes / mo$508.83$508.83$508.83
Insurance / mo$150.00$150.00$150.00
MI / mo$21.81$21.81$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$987.42$1,935.07$1,994.30
Cash to close$163,138$20,990$20,990