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$129,704$129,704$161,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$32,206$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.694%7.560%
1st payment$872.33$872.33$1,112.21
2nd payment$0.00$241.55$0.00
Taxes / mo$125.73$125.73$125.73
Insurance / mo$150.00$150.00$150.00
MI / mo$61.20$61.20$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,209.27$1,450.81$1,420.32
Cash to close$50,196$17,990$17,990