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$18,493$18,493$153,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$134,507$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.923%7.640%
1st payment$126.61$126.61$1,059.34
2nd payment$0.00$896.71$0.00
Taxes / mo$521.17$521.17$521.17
Insurance / mo$150.00$150.00$150.00
MI / mo$8.59$8.59$30.60
HOA / mo$0.00$0.00$0.00
Total monthly$806.37$1,703.08$1,761.11
Cash to close$151,507$17,000$17,000