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$121,475$121,475$139,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$25,775$0
Funding fee$0$0$0
Note rate7.760%7.760%7.400%
Blended rate8.310%8.934%7.640%
1st payment$894.18$894.18$965.87
2nd payment$0.00$255.07$0.00
Taxes / mo$161.67$161.67$161.67
Insurance / mo$150.00$150.00$150.00
MI / mo$57.15$57.15$27.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,263.00$1,518.07$1,305.44
Cash to close$33,525$7,750$15,500