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$147,310$147,310$170,978
Remaining term (yrs)26.826.830.0
Secondary amount$0$33,166$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.880%7.640%
1st payment$960.23$960.23$1,183.81
2nd payment$0.00$328.21$0.00
Taxes / mo$158.31$158.31$158.31
Insurance / mo$150.00$150.00$150.00
MI / mo$70.14$70.14$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,338.68$1,666.89$1,526.32
Cash to close$42,665$9,499$18,998