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$145,996$145,996$256,050
Remaining term (yrs)26.326.330.0
Secondary amount$0$110,054$0
Funding fee$0$0$0
Note rate6.480%6.480%7.320%
Blended rate7.330%7.447%7.560%
1st payment$963.05$963.05$1,758.89
2nd payment$0.00$733.69$0.00
Taxes / mo$81.50$81.50$81.50
Insurance / mo$150.00$150.00$150.00
MI / mo$69.98$69.98$51.21
HOA / mo$0.00$0.00$0.00
Total monthly$1,264.53$1,998.22$2,041.60
Cash to close$138,504$28,450$28,450