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$121,256$121,256$153,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$31,744$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.360%6.908%7.640%
1st payment$813.07$813.07$1,059.34
2nd payment$0.00$238.08$0.00
Taxes / mo$65.33$65.33$65.33
Insurance / mo$150.00$150.00$150.00
MI / mo$93.69$93.69$30.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,122.10$1,360.18$1,305.27
Cash to close$48,744$17,000$17,000