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$126,685$126,685$144,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$25,315$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%8.345%7.640%
1st payment$870.14$870.14$997.03
2nd payment$0.00$250.51$0.00
Taxes / mo$146.00$146.00$146.00
Insurance / mo$150.00$150.00$150.00
MI / mo$59.40$59.40$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,225.54$1,476.05$1,321.83
Cash to close$33,315$8,000$16,000