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$145,376$145,376$216,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$70,624$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.883%7.640%
1st payment$964.16$964.16$1,495.54
2nd payment$0.00$529.68$0.00
Taxes / mo$45.83$45.83$45.83
Insurance / mo$150.00$150.00$150.00
MI / mo$67.85$67.85$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,227.85$1,757.53$1,734.57
Cash to close$94,624$24,000$24,000