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$141,405$141,405$215,936
Remaining term (yrs)26.526.530.0
Secondary amount$0$74,531$0
Funding fee$0$0$0
Note rate6.320%6.320%7.320%
Blended rate6.870%7.605%7.560%
1st payment$915.14$915.14$1,483.33
2nd payment$0.00$558.98$0.00
Taxes / mo$38.67$38.67$38.67
Insurance / mo$150.00$150.00$150.00
MI / mo$67.62$67.62$43.19
HOA / mo$16.67$16.67$16.67
Total monthly$1,188.10$1,747.08$1,731.86
Cash to close$98,524$23,993$23,993