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$135,227$135,227$261,000
Remaining term (yrs)9.89.830.0
Secondary amount$0$125,773$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.450%7.715%7.560%
1st payment$1,542.36$1,542.36$1,792.89
2nd payment$0.00$838.49$0.00
Taxes / mo$31.67$31.67$31.67
Insurance / mo$150.00$150.00$150.00
MI / mo$171.06$171.06$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,895.09$2,733.58$2,026.76
Cash to close$154,773$29,000$29,000