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$152,181$152,181$196,110
Remaining term (yrs)26.926.930.0
Secondary amount$0$43,929$0
Funding fee$0$0$0
Note rate7.070%7.070%7.320%
Blended rate7.620%7.929%7.560%
1st payment$1,052.60$1,052.60$1,347.14
2nd payment$0.00$329.47$0.00
Taxes / mo$65.00$65.00$65.00
Insurance / mo$150.00$150.00$150.00
MI / mo$72.01$72.01$39.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,339.60$1,669.07$1,601.36
Cash to close$65,719$21,790$21,790