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$128,775$128,775$238,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$109,725$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.487%7.640%
1st payment$819.99$819.99$1,651.33
2nd payment$0.00$731.50$0.00
Taxes / mo$103.33$103.33$103.33
Insurance / mo$150.00$150.00$150.00
MI / mo$59.46$59.46$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,132.78$1,864.28$1,952.36
Cash to close$136,225$26,500$26,500