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$148,522$148,522$166,410
Remaining term (yrs)26.126.130.0
Secondary amount$0$27,133$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%8.404%7.640%
1st payment$1,023.82$1,023.82$1,152.19
2nd payment$0.00$268.50$0.00
Taxes / mo$128.17$128.17$128.17
Insurance / mo$150.00$150.00$150.00
MI / mo$109.89$109.89$33.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,411.87$1,680.37$1,463.64
Cash to close$36,378$9,245$18,490