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$144,234$144,234$225,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$80,766$0
Funding fee$0$0$0
Note rate6.330%6.330%7.320%
Blended rate7.180%7.833%7.560%
1st payment$938.91$938.91$1,545.59
2nd payment$0.00$605.75$0.00
Taxes / mo$174.92$174.92$174.92
Insurance / mo$150.00$150.00$150.00
MI / mo$107.11$107.11$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,370.93$1,976.68$1,915.51
Cash to close$105,766$25,000$25,000