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$124,721$124,721$189,450
Remaining term (yrs)26.426.430.0
Secondary amount$0$64,729$0
Funding fee$0$0$0
Note rate6.130%6.130%7.320%
Blended rate6.680%7.473%7.560%
1st payment$794.25$794.25$1,301.39
2nd payment$0.00$485.47$0.00
Taxes / mo$171.25$171.25$171.25
Insurance / mo$150.00$150.00$150.00
MI / mo$59.88$59.88$37.89
HOA / mo$0.00$0.00$0.00
Total monthly$1,175.38$1,660.84$1,660.53
Cash to close$85,779$21,050$21,050