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$148,412$148,412$216,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$67,588$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%8.155%7.640%
1st payment$1,038.07$1,038.07$1,495.54
2nd payment$0.00$506.91$0.00
Taxes / mo$115.33$115.33$115.33
Insurance / mo$150.00$150.00$150.00
MI / mo$69.95$69.95$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,373.35$1,880.26$1,804.07
Cash to close$91,588$24,000$24,000