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$140,223$140,223$225,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$84,777$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.872%7.640%
1st payment$913.54$913.54$1,557.85
2nd payment$0.00$635.83$0.00
Taxes / mo$280.67$280.67$280.67
Insurance / mo$150.00$150.00$150.00
MI / mo$65.29$65.29$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,409.49$2,045.32$2,033.52
Cash to close$109,777$25,000$25,000