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$147,944$147,944$180,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$32,056$0
Funding fee$0$0$0
Note rate6.180%6.180%7.400%
Blended rate6.730%7.134%7.640%
1st payment$910.41$910.41$1,246.28
2nd payment$0.00$240.42$0.00
Taxes / mo$166.67$166.67$166.67
Insurance / mo$150.00$150.00$150.00
MI / mo$68.27$68.27$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,295.35$1,535.78$1,598.95
Cash to close$52,056$20,000$20,000