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$144,955$144,955$198,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$53,045$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.748%7.640%
1st payment$949.35$949.35$1,370.91
2nd payment$0.00$397.83$0.00
Taxes / mo$183.33$183.33$183.33
Insurance / mo$150.00$150.00$150.00
MI / mo$67.16$67.16$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,349.84$1,747.67$1,743.85
Cash to close$75,045$22,000$22,000