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$139,737$139,737$163,350
Remaining term (yrs)25.925.930.0
Secondary amount$0$32,688$0
Funding fee$0$0$0
Note rate6.290%6.290%7.400%
Blended rate7.140%8.038%7.640%
1st payment$910.68$910.68$1,131.00
2nd payment$0.00$323.48$0.00
Taxes / mo$160.17$160.17$160.17
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$32.67
HOA / mo$0.00$0.00$0.00
Total monthly$1,325.17$1,648.65$1,473.84
Cash to close$41,763$9,075$18,150