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$137,628$137,628$179,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$41,472$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.656%7.560%
1st payment$799.67$799.67$1,230.29
2nd payment$0.00$311.04$0.00
Taxes / mo$98.58$98.58$98.58
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,152.58$1,463.62$1,514.70
Cash to close$61,372$19,900$19,900