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$7,863$7,863$80,100
Remaining term (yrs)1.41.430.0
Secondary amount$0$72,237$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.840%8.886%7.640%
1st payment$438.36$438.36$554.60
2nd payment$0.00$541.78$0.00
Taxes / mo$74.17$74.17$74.17
Insurance / mo$150.00$150.00$150.00
MI / mo$46.72$46.72$16.02
HOA / mo$0.00$0.00$0.00
Total monthly$709.25$1,251.03$794.78
Cash to close$81,137$8,900$8,900