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$152,676$152,676$207,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$54,324$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.392%7.640%
1st payment$985.67$985.67$1,433.23
2nd payment$0.00$407.43$0.00
Taxes / mo$252.58$252.58$252.58
Insurance / mo$150.00$150.00$150.00
MI / mo$73.22$73.22$41.40
HOA / mo$300.00$300.00$300.00
Total monthly$1,761.47$2,168.90$2,177.21
Cash to close$77,324$23,000$23,000