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$151,723$151,723$260,100
Remaining term (yrs)21.021.030.0
Secondary amount$0$108,377$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.510%7.714%7.560%
1st payment$1,115.57$1,115.57$1,786.71
2nd payment$0.00$722.51$0.00
Taxes / mo$63.08$63.08$63.08
Insurance / mo$150.00$150.00$150.00
MI / mo$115.32$115.32$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,443.97$2,166.48$2,051.81
Cash to close$137,277$28,900$28,900