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$47,071$47,071$215,910
Remaining term (yrs)7.97.930.0
Secondary amount$0$168,839$0
Funding fee$0$0$0
Note rate5.810%5.810%7.400%
Blended rate6.660%7.708%7.640%
1st payment$609.26$609.26$1,494.92
2nd payment$0.00$1,125.59$0.00
Taxes / mo$139.33$139.33$139.33
Insurance / mo$150.00$150.00$150.00
MI / mo$73.47$73.47$43.18
HOA / mo$150.00$150.00$150.00
Total monthly$1,122.07$2,247.66$1,977.43
Cash to close$192,829$23,990$23,990