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$138,755$138,755$166,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$27,745$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.692%7.640%
1st payment$935.76$935.76$1,152.81
2nd payment$0.00$208.09$0.00
Taxes / mo$31.75$31.75$31.75
Insurance / mo$150.00$150.00$150.00
MI / mo$65.25$65.25$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,182.77$1,390.86$1,367.86
Cash to close$46,245$18,500$18,500