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$134,637$134,637$265,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$130,863$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.640%7.640%
1st payment$883.42$883.42$1,838.27
2nd payment$0.00$872.42$0.00
Taxes / mo$207.17$207.17$207.17
Insurance / mo$150.00$150.00$150.00
MI / mo$62.49$62.49$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,303.08$2,175.50$2,248.54
Cash to close$160,363$29,500$29,500