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$147,909$147,909$190,800
Remaining term (yrs)25.925.930.0
Secondary amount$0$42,891$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.360%6.953%7.640%
1st payment$892.99$892.99$1,321.06
2nd payment$0.00$321.69$0.00
Taxes / mo$273.83$273.83$273.83
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$38.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,428.11$1,749.79$1,783.05
Cash to close$64,091$21,200$21,200