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$54,327$54,327$179,999
Remaining term (yrs)10.510.530.0
Secondary amount$0$125,672$0
Funding fee$0$0$0
Note rate6.180%6.180%7.320%
Blended rate7.030%7.707%7.560%
1st payment$580.64$580.64$1,236.47
2nd payment$0.00$837.81$0.00
Taxes / mo$96.25$96.25$96.25
Insurance / mo$150.00$150.00$150.00
MI / mo$67.29$67.29$36.00
HOA / mo$375.00$375.00$375.00
Total monthly$1,269.18$2,106.99$1,893.72
Cash to close$145,672$20,000$20,000