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$148,430$148,430$238,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$90,070$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.948%7.640%
1st payment$977.73$977.73$1,651.33
2nd payment$0.00$675.53$0.00
Taxes / mo$50.58$50.58$50.58
Insurance / mo$150.00$150.00$150.00
MI / mo$69.02$69.02$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,247.33$1,922.86$1,899.61
Cash to close$116,570$26,500$26,500