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$0$0$135,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$135,000$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%8.000%7.640%
1st payment$458.72$458.72$934.71
2nd payment$0.00$900.00$0.00
Taxes / mo$484.00$484.00$484.00
Insurance / mo$150.00$150.00$150.00
MI / mo$40.29$40.29$27.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,133.01$2,033.01$1,595.71
Cash to close$150,000$15,000$15,000