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$58,783$58,783$184,500
Remaining term (yrs)7.77.730.0
Secondary amount$0$125,717$0
Funding fee$0$0$0
Note rate5.380%5.380%7.400%
Blended rate6.230%7.436%7.640%
1st payment$767.73$767.73$1,277.44
2nd payment$0.00$838.12$0.00
Taxes / mo$162.50$162.50$162.50
Insurance / mo$150.00$150.00$150.00
MI / mo$97.06$97.06$36.90
HOA / mo$337.00$337.00$337.00
Total monthly$1,514.29$2,352.40$1,963.84
Cash to close$146,217$20,500$20,500