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$89,704$89,704$134,910
Remaining term (yrs)20.320.330.0
Secondary amount$0$45,206$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.770%7.560%
1st payment$667.49$667.49$926.74
2nd payment$0.00$339.05$0.00
Taxes / mo$63.10$63.10$63.10
Insurance / mo$150.00$150.00$150.00
MI / mo$42.55$42.55$26.98
HOA / mo$620.00$620.00$620.00
Total monthly$1,543.13$1,882.18$1,786.82
Cash to close$60,196$14,990$14,990