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$75,047$75,047$153,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$77,953$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%8.264%7.640%
1st payment$505.15$505.15$1,059.34
2nd payment$0.00$584.65$0.00
Taxes / mo$71.83$71.83$71.83
Insurance / mo$150.00$150.00$150.00
MI / mo$34.98$34.98$30.60
HOA / mo$4.17$4.17$4.17
Total monthly$766.13$1,350.77$1,315.94
Cash to close$94,953$17,000$17,000