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$45,093$45,093$198,000
Remaining term (yrs)10.910.930.0
Secondary amount$0$152,907$0
Funding fee$0$0$0
Note rate6.520%6.520%7.320%
Blended rate7.370%7.857%7.560%
1st payment$477.05$477.05$1,360.12
2nd payment$0.00$1,019.38$0.00
Taxes / mo$50.50$50.50$50.50
Insurance / mo$150.00$150.00$150.00
MI / mo$53.35$53.35$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$730.90$1,750.29$1,600.22
Cash to close$174,907$22,000$22,000