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$40,330$40,330$172,800
Remaining term (yrs)13.413.430.0
Secondary amount$0$132,470$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.498%7.560%
1st payment$341.38$341.38$1,187.02
2nd payment$0.00$883.13$0.00
Taxes / mo$104.33$104.33$104.33
Insurance / mo$150.00$150.00$150.00
MI / mo$45.05$45.05$34.56
HOA / mo$0.00$0.00$0.00
Total monthly$640.76$1,523.89$1,475.91
Cash to close$151,670$19,200$19,200