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$137,612$137,612$179,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$42,298$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%6.659%7.640%
1st payment$798.77$798.77$1,245.66
2nd payment$0.00$317.24$0.00
Taxes / mo$18.08$18.08$18.08
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,071.18$1,388.41$1,449.73
Cash to close$62,288$19,990$19,990