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$156,386$156,386$301,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$145,114$0
Funding fee$0$0$0
Note rate6.130%6.130%7.320%
Blended rate6.680%7.315%7.560%
1st payment$995.90$995.90$2,071.10
2nd payment$0.00$967.42$0.00
Taxes / mo$115.08$115.08$115.08
Insurance / mo$150.00$150.00$150.00
MI / mo$75.08$75.08$60.30
HOA / mo$38.00$38.00$38.00
Total monthly$1,374.07$2,341.49$2,434.48
Cash to close$178,614$33,500$33,500