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$143,049$143,049$202,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$59,451$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.806%7.640%
1st payment$941.39$941.39$1,402.07
2nd payment$0.00$445.89$0.00
Taxes / mo$144.67$144.67$144.67
Insurance / mo$150.00$150.00$150.00
MI / mo$66.46$66.46$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,302.51$1,748.39$1,737.24
Cash to close$81,951$22,500$22,500