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$0$0$141,660
Remaining term (yrs)29.729.730.0
Secondary amount$0$141,660$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%8.000%7.560%
1st payment$0.00$0.00$973.11
2nd payment$0.00$944.40$0.00
Taxes / mo$190.25$190.25$190.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.33
HOA / mo$155.00$155.00$155.00
Total monthly$495.25$1,439.65$1,496.69
Cash to close$157,400$15,740$15,740