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$142,666$142,666$170,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$28,244$0
Funding fee$0$0$0
Note rate7.180%7.180%7.320%
Blended rate7.730%7.940%7.560%
1st payment$997.08$997.08$1,174.03
2nd payment$0.00$211.83$0.00
Taxes / mo$72.50$72.50$72.50
Insurance / mo$150.00$150.00$150.00
MI / mo$67.46$67.46$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,287.04$1,498.86$1,430.72
Cash to close$47,234$18,990$18,990