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$125,876$125,876$179,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$53,224$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.960%7.566%7.560%
1st payment$804.13$804.13$1,230.29
2nd payment$0.00$399.18$0.00
Taxes / mo$165.83$165.83$165.83
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,213.85$1,613.03$1,581.95
Cash to close$73,124$19,900$19,900