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$7,057$7,057$135,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$127,943$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.947%7.640%
1st payment$49.93$49.93$934.71
2nd payment$0.00$852.95$0.00
Taxes / mo$387.58$387.58$387.58
Insurance / mo$150.00$150.00$150.00
MI / mo$3.41$3.41$27.00
HOA / mo$0.00$0.00$0.00
Total monthly$590.93$1,443.88$1,499.30
Cash to close$142,943$15,000$15,000