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$153,917$153,917$216,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$62,083$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.568%7.640%
1st payment$986.80$986.80$1,495.54
2nd payment$0.00$465.62$0.00
Taxes / mo$153.50$153.50$153.50
Insurance / mo$150.00$150.00$150.00
MI / mo$72.01$72.01$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,362.31$1,827.93$1,842.24
Cash to close$86,083$24,000$24,000