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$130,884$130,884$152,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$30,521$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%8.189%7.640%
1st payment$881.55$881.55$1,058.72
2nd payment$0.00$302.03$0.00
Taxes / mo$220.92$220.92$220.92
Insurance / mo$150.00$150.00$150.00
MI / mo$62.10$62.10$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,314.58$1,616.60$1,460.22
Cash to close$39,016$8,495$16,990