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$144,531$144,531$242,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$98,379$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.923%7.560%
1st payment$1,009.13$1,009.13$1,668.62
2nd payment$0.00$737.84$0.00
Taxes / mo$174.75$174.75$174.75
Insurance / mo$150.00$150.00$150.00
MI / mo$67.62$67.62$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,401.50$2,139.34$2,041.96
Cash to close$125,369$26,990$26,990