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$149,252$149,252$171,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$31,248$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%8.142%7.640%
1st payment$1,006.01$1,006.01$1,183.97
2nd payment$0.00$309.22$0.00
Taxes / mo$164.67$164.67$164.67
Insurance / mo$150.00$150.00$150.00
MI / mo$70.65$70.65$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,391.33$1,700.55$1,532.84
Cash to close$40,748$9,500$19,000