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$145,044$145,044$214,110
Remaining term (yrs)37.137.130.0
Secondary amount$0$69,066$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.889%7.640%
1st payment$894.41$894.41$1,482.45
2nd payment$0.00$517.99$0.00
Taxes / mo$104.67$104.67$104.67
Insurance / mo$150.00$150.00$150.00
MI / mo$67.46$67.46$42.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,216.53$1,734.52$1,779.94
Cash to close$92,856$23,790$23,790