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$136,053$136,053$179,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$43,047$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.405%7.640%
1st payment$854.72$854.72$1,240.05
2nd payment$0.00$322.85$0.00
Taxes / mo$110.75$110.75$110.75
Insurance / mo$150.00$150.00$150.00
MI / mo$62.96$62.96$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,178.42$1,501.28$1,536.62
Cash to close$62,947$19,900$19,900