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$50,464$50,464$202,410
Remaining term (yrs)11.711.730.0
Secondary amount$0$151,946$0
Funding fee$0$0$0
Note rate6.050%6.050%7.400%
Blended rate6.900%7.726%7.640%
1st payment$498.50$498.50$1,401.45
2nd payment$0.00$1,012.97$0.00
Taxes / mo$50.50$50.50$50.50
Insurance / mo$150.00$150.00$150.00
MI / mo$58.58$58.58$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$757.58$1,770.55$1,642.43
Cash to close$174,436$22,490$22,490