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$141,829$141,829$161,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$29,076$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%8.053%7.560%
1st payment$927.88$927.88$1,112.21
2nd payment$0.00$287.73$0.00
Taxes / mo$248.08$248.08$248.08
Insurance / mo$150.00$150.00$150.00
MI / mo$65.77$65.77$32.38
HOA / mo$35.00$35.00$35.00
Total monthly$1,426.73$1,714.46$1,577.67
Cash to close$38,071$8,995$17,990