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$153,430$153,430$175,410
Remaining term (yrs)28.028.030.0
Secondary amount$0$31,725$0
Funding fee$0$0$0
Note rate6.080%6.080%7.320%
Blended rate6.630%7.529%7.560%
1st payment$949.40$949.40$1,204.95
2nd payment$0.00$313.94$0.00
Taxes / mo$68.42$68.42$68.42
Insurance / mo$150.00$150.00$150.00
MI / mo$71.96$71.96$35.08
HOA / mo$30.00$30.00$30.00
Total monthly$1,269.78$1,583.72$1,488.44
Cash to close$41,470$9,745$19,490