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$149,555$149,555$189,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$39,445$0
Funding fee$0$0$0
Note rate7.080%7.080%7.320%
Blended rate7.930%8.153%7.560%
1st payment$1,046.41$1,046.41$1,298.30
2nd payment$0.00$295.84$0.00
Taxes / mo$62.58$62.58$62.58
Insurance / mo$150.00$150.00$150.00
MI / mo$110.51$110.51$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,369.51$1,665.35$1,548.68
Cash to close$60,445$21,000$21,000