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$11,646$11,646$134,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$123,264$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.918%7.640%
1st payment$77.25$77.25$934.09
2nd payment$0.00$821.76$0.00
Taxes / mo$102.15$102.15$102.15
Insurance / mo$150.00$150.00$150.00
MI / mo$5.40$5.40$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$334.80$1,156.56$1,213.22
Cash to close$138,254$14,990$14,990