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$150,379$150,379$170,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$30,026$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.750%8.437%7.640%
1st payment$1,034.67$1,034.67$1,183.35
2nd payment$0.00$297.14$0.00
Taxes / mo$60.87$60.87$60.87
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,356.82$1,653.96$1,428.39
Cash to close$39,521$9,495$18,990