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$122,624$122,624$265,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$142,876$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.741%7.640%
1st payment$816.72$816.72$1,838.27
2nd payment$0.00$952.51$0.00
Taxes / mo$233.00$233.00$233.00
Insurance / mo$150.00$150.00$150.00
MI / mo$56.90$56.90$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,256.62$2,209.13$2,274.37
Cash to close$172,376$29,500$29,500