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$24,075$24,075$103,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$79,425$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%8.621%7.640%
1st payment$161.26$161.26$716.61
2nd payment$0.00$595.69$0.00
Taxes / mo$23.75$23.75$23.75
Insurance / mo$150.00$150.00$150.00
MI / mo$11.31$11.31$20.70
HOA / mo$0.00$0.00$0.00
Total monthly$346.32$942.01$911.06
Cash to close$90,925$11,500$11,500