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$148,245$148,245$224,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$76,665$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.926%7.640%
1st payment$997.03$997.03$1,557.23
2nd payment$0.00$574.99$0.00
Taxes / mo$334.50$334.50$334.50
Insurance / mo$150.00$150.00$150.00
MI / mo$69.95$69.95$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,551.49$2,126.48$2,086.71
Cash to close$101,655$24,990$24,990