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$74,207$74,207$215,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$141,703$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.722%7.560%
1st payment$489.39$489.39$1,483.15
2nd payment$0.00$944.69$0.00
Taxes / mo$119.50$119.50$119.50
Insurance / mo$150.00$150.00$150.00
MI / mo$34.98$34.98$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$793.87$1,738.56$1,795.83
Cash to close$165,693$23,990$23,990