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$147,781$147,781$178,380
Remaining term (yrs)28.628.630.0
Secondary amount$0$30,599$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.600%7.640%
1st payment$972.53$972.53$1,235.07
2nd payment$0.00$229.49$0.00
Taxes / mo$224.47$224.47$224.47
Insurance / mo$150.00$150.00$150.00
MI / mo$68.65$68.65$35.68
HOA / mo$55.00$55.00$55.00
Total monthly$1,470.66$1,700.15$1,700.21
Cash to close$50,419$19,820$19,820