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$142,504$142,504$166,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$33,246$0
Funding fee$0$0$0
Note rate5.540%5.540%7.320%
Blended rate6.390%7.428%7.560%
1st payment$861.71$861.71$1,143.74
2nd payment$0.00$328.99$0.00
Taxes / mo$172.67$172.67$172.67
Insurance / mo$150.00$150.00$150.00
MI / mo$107.03$107.03$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,291.41$1,620.40$1,499.71
Cash to close$42,496$9,250$18,500