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$85,215$85,215$125,910
Remaining term (yrs)11.711.730.0
Secondary amount$0$40,695$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.360%7.213%7.560%
1st payment$831.25$831.25$864.91
2nd payment$0.00$305.21$0.00
Taxes / mo$60.08$60.08$60.08
Insurance / mo$150.00$150.00$150.00
MI / mo$45.70$45.70$25.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,087.04$1,392.25$1,100.18
Cash to close$54,685$13,990$13,990