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$139,358$139,358$161,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$31,547$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%8.120%7.560%
1st payment$911.71$911.71$1,112.21
2nd payment$0.00$312.18$0.00
Taxes / mo$56.37$56.37$56.37
Insurance / mo$150.00$150.00$150.00
MI / mo$64.63$64.63$32.38
HOA / mo$35.00$35.00$35.00
Total monthly$1,217.70$1,529.89$1,385.96
Cash to close$40,542$8,995$17,990