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$121,665$121,665$166,410
Remaining term (yrs)28.128.130.0
Secondary amount$0$44,745$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.604%7.560%
1st payment$787.89$787.89$1,143.12
2nd payment$0.00$335.59$0.00
Taxes / mo$59.92$59.92$59.92
Insurance / mo$150.00$150.00$150.00
MI / mo$56.90$56.90$33.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,054.70$1,390.29$1,386.32
Cash to close$63,235$18,490$18,490