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$143,320$143,320$242,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$98,780$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.846%7.640%
1st payment$915.23$915.23$1,676.25
2nd payment$0.00$740.85$0.00
Taxes / mo$5.50$5.50$5.50
Insurance / mo$150.00$150.00$150.00
MI / mo$66.37$66.37$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,137.10$1,877.95$1,880.17
Cash to close$125,680$26,900$26,900