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$133,241$133,241$166,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$33,259$0
Funding fee$0$0$0
Note rate7.790%7.790%7.320%
Blended rate8.340%8.472%7.560%
1st payment$983.49$983.49$1,143.74
2nd payment$0.00$249.44$0.00
Taxes / mo$85.67$85.67$85.67
Insurance / mo$150.00$150.00$150.00
MI / mo$62.68$62.68$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,281.84$1,531.28$1,412.71
Cash to close$51,759$18,500$18,500