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$60,614$60,614$202,500
Remaining term (yrs)7.67.630.0
Secondary amount$0$141,886$0
Funding fee$0$0$0
Note rate5.620%5.620%7.320%
Blended rate6.470%7.542%7.560%
1st payment$805.48$805.48$1,391.03
2nd payment$0.00$945.90$0.00
Taxes / mo$202.08$202.08$202.08
Insurance / mo$150.00$150.00$150.00
MI / mo$99.17$99.17$40.50
HOA / mo$255.00$255.00$255.00
Total monthly$1,511.73$2,457.63$2,038.62
Cash to close$164,386$22,500$22,500