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$156,537$156,537$197,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$41,373$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%7.165%7.640%
1st payment$996.86$996.86$1,370.29
2nd payment$0.00$310.30$0.00
Taxes / mo$133.83$133.83$133.83
Insurance / mo$150.00$150.00$150.00
MI / mo$75.16$75.16$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,355.85$1,666.14$1,693.70
Cash to close$63,363$21,990$21,990