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$138,276$138,276$252,000
Remaining term (yrs)29.629.630.0
Secondary amount$0$113,724$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate6.920%7.407%7.560%
1st payment$864.63$864.63$1,731.07
2nd payment$0.00$758.16$0.00
Taxes / mo$224.25$224.25$224.25
Insurance / mo$150.00$150.00$150.00
MI / mo$63.55$63.55$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,302.43$2,060.59$2,155.72
Cash to close$141,724$28,000$28,000