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$42,416$42,416$196,650
Remaining term (yrs)13.613.630.0
Secondary amount$0$154,234$0
Funding fee$0$0$0
Note rate5.380%5.380%7.320%
Blended rate6.230%7.618%7.560%
1st payment$364.31$364.31$1,350.85
2nd payment$0.00$1,028.23$0.00
Taxes / mo$84.25$84.25$84.25
Insurance / mo$150.00$150.00$150.00
MI / mo$46.06$46.06$39.33
HOA / mo$0.00$0.00$0.00
Total monthly$644.62$1,672.85$1,624.43
Cash to close$176,084$21,850$21,850