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$127,374$127,374$161,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$33,726$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.458%7.480%
1st payment$818.22$818.22$1,097.89
2nd payment$0.00$252.95$0.00
Taxes / mo$24.50$24.50$24.50
Insurance / mo$150.00$150.00$150.00
MI / mo$59.33$59.33$32.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,052.06$1,305.00$1,304.61
Cash to close$51,626$17,900$17,900