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$14,977$14,977$179,100
Remaining term (yrs)2.32.330.0
Secondary amount$0$164,123$0
Funding fee$0$0$0
Note rate6.830%6.830%7.320%
Blended rate7.680%7.973%7.560%
1st payment$561.72$561.72$1,230.29
2nd payment$0.00$1,094.15$0.00
Taxes / mo$163.00$163.00$163.00
Insurance / mo$150.00$150.00$150.00
MI / mo$60.85$60.85$35.82
HOA / mo$500.00$500.00$500.00
Total monthly$1,435.57$2,529.72$2,079.11
Cash to close$184,023$19,900$19,900