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$44,277$44,277$99,000
Remaining term (yrs)7.97.930.0
Secondary amount$0$54,723$0
Funding fee$0$0$0
Note rate5.980%5.980%7.400%
Blended rate6.830%8.029%7.640%
1st payment$581.43$581.43$685.46
2nd payment$0.00$410.42$0.00
Taxes / mo$68.67$68.67$68.67
Insurance / mo$150.00$150.00$150.00
MI / mo$68.84$68.84$19.80
HOA / mo$0.00$0.00$0.00
Total monthly$868.94$1,279.36$923.92
Cash to close$65,723$11,000$11,000