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$117,871$117,871$148,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$30,629$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.397%7.640%
1st payment$770.13$770.13$1,028.18
2nd payment$0.00$229.72$0.00
Taxes / mo$267.75$267.75$267.75
Insurance / mo$150.00$150.00$150.00
MI / mo$56.25$56.25$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,244.13$1,473.85$1,475.63
Cash to close$47,129$16,500$16,500