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$137,458$137,458$292,410
Remaining term (yrs)29.529.530.0
Secondary amount$0$154,952$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.660%7.370%7.560%
1st payment$837.16$837.16$2,008.65
2nd payment$0.00$1,033.01$0.00
Taxes / mo$37.75$37.75$37.75
Insurance / mo$150.00$150.00$150.00
MI / mo$63.25$63.25$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,088.16$2,121.18$2,254.89
Cash to close$187,442$32,490$32,490