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$99,368$99,368$151,200
Remaining term (yrs)22.722.730.0
Secondary amount$0$51,832$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%8.113%7.640%
1st payment$733.64$733.64$1,046.88
2nd payment$0.00$388.74$0.00
Taxes / mo$140.00$140.00$140.00
Insurance / mo$150.00$150.00$150.00
MI / mo$47.15$47.15$30.24
HOA / mo$223.00$223.00$223.00
Total monthly$1,293.79$1,682.53$1,590.12
Cash to close$68,632$16,800$16,800