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$110,961$110,961$157,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$46,539$0
Funding fee$0$0$0
Note rate7.190%7.190%7.400%
Blended rate7.740%8.112%7.640%
1st payment$776.22$776.22$1,090.50
2nd payment$0.00$349.04$0.00
Taxes / mo$141.00$141.00$141.00
Insurance / mo$150.00$150.00$150.00
MI / mo$52.46$52.46$31.50
HOA / mo$296.00$296.00$296.00
Total monthly$1,415.69$1,764.73$1,709.00
Cash to close$64,039$17,500$17,500