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$128,340$128,340$189,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$60,660$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%7.214%7.640%
1st payment$776.75$776.75$1,308.60
2nd payment$0.00$454.95$0.00
Taxes / mo$195.92$195.92$195.92
Insurance / mo$150.00$150.00$150.00
MI / mo$96.69$96.69$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,219.35$1,674.30$1,692.31
Cash to close$81,660$21,000$21,000