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
Current Market Conventional
New · Conventional
Loan amount$145,402$148,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$931.25$1,028.18
2nd payment$0.00$0.00
Taxes / mo$12.51$12.51
Insurance / mo$150.00$150.00
MI / mo$67.53$29.70
HOA / mo$0.00$0.00
Total monthly$1,161.29$1,220.40
Cash to close$19,598$16,500