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$129,215$129,215$148,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$27,535$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%7.090%7.640%
1st payment$756.53$756.53$1,028.18
2nd payment$0.00$272.48$0.00
Taxes / mo$25.83$25.83$25.83
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,029.73$1,302.21$1,233.72
Cash to close$35,785$8,250$16,500