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$112,948$112,948$139,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$26,552$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.364%7.640%
1st payment$736.24$736.24$965.87
2nd payment$0.00$199.14$0.00
Taxes / mo$88.33$88.33$88.33
Insurance / mo$150.00$150.00$150.00
MI / mo$53.78$53.78$27.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,028.36$1,227.50$1,232.10
Cash to close$42,052$15,500$15,500