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$117,303$117,303$220,499
Remaining term (yrs)26.426.430.0
Secondary amount$0$103,197$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.372%7.640%
1st payment$757.30$757.30$1,526.69
2nd payment$0.00$687.98$0.00
Taxes / mo$109.92$109.92$109.92
Insurance / mo$150.00$150.00$150.00
MI / mo$56.25$56.25$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,073.47$1,761.45$1,830.71
Cash to close$127,696$24,500$24,500