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$127,256$127,256$225,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$97,744$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.920%7.640%
1st payment$841.32$841.32$1,557.85
2nd payment$0.00$733.08$0.00
Taxes / mo$289.17$289.17$289.17
Insurance / mo$150.00$150.00$150.00
MI / mo$60.75$60.75$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,341.24$2,074.32$2,042.02
Cash to close$122,744$25,000$25,000