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$143,395$143,395$178,200
Remaining term (yrs)27.427.430.0
Secondary amount$0$34,805$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.737%7.640%
1st payment$968.04$968.04$1,233.82
2nd payment$0.00$261.04$0.00
Taxes / mo$100.25$100.25$100.25
Insurance / mo$150.00$150.00$150.00
MI / mo$67.50$67.50$35.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,285.79$1,546.83$1,519.71
Cash to close$54,605$19,800$19,800