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$132,114$132,114$177,750
Remaining term (yrs)28.428.430.0
Secondary amount$0$45,636$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.714%7.640%
1st payment$868.46$868.46$1,230.71
2nd payment$0.00$342.27$0.00
Taxes / mo$119.58$119.58$119.58
Insurance / mo$150.00$150.00$150.00
MI / mo$61.56$61.56$35.55
HOA / mo$0.00$0.00$0.00
Total monthly$1,199.60$1,541.87$1,535.84
Cash to close$65,386$19,750$19,750