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$145,673$145,673$184,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$38,827$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.460%7.560%
1st payment$941.54$941.54$1,267.39
2nd payment$0.00$291.20$0.00
Taxes / mo$131.00$131.00$131.00
Insurance / mo$150.00$150.00$150.00
MI / mo$68.27$68.27$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,290.82$1,582.02$1,585.29
Cash to close$59,327$20,500$20,500