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$143,592$143,592$179,280
Remaining term (yrs)29.629.630.0
Secondary amount$0$35,688$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.278%7.640%
1st payment$891.32$891.32$1,241.30
2nd payment$0.00$267.66$0.00
Taxes / mo$166.00$166.00$166.00
Insurance / mo$150.00$150.00$150.00
MI / mo$66.00$66.00$35.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,273.32$1,540.98$1,593.15
Cash to close$55,608$19,920$19,920