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$117,209$117,209$224,550
Remaining term (yrs)26.426.430.0
Secondary amount$0$107,341$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.384%7.640%
1st payment$756.69$756.69$1,554.74
2nd payment$0.00$715.61$0.00
Taxes / mo$31.00$31.00$31.00
Insurance / mo$150.00$150.00$150.00
MI / mo$56.21$56.21$44.91
HOA / mo$0.00$0.00$0.00
Total monthly$993.90$1,709.51$1,780.65
Cash to close$132,291$24,950$24,950