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$99,727$99,727$215,910
Remaining term (yrs)29.629.630.0
Secondary amount$0$116,183$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.561%7.560%
1st payment$632.07$632.07$1,483.15
2nd payment$0.00$774.55$0.00
Taxes / mo$48.58$48.58$48.58
Insurance / mo$150.00$150.00$150.00
MI / mo$45.83$45.83$43.18
HOA / mo$568.00$568.00$568.00
Total monthly$1,444.48$2,219.04$2,292.92
Cash to close$140,173$23,990$23,990