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$0$0$99,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$99,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%9.000%7.560%
1st payment$0.00$0.00$680.06
2nd payment$0.00$742.50$0.00
Taxes / mo$76.17$76.17$76.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$19.80
HOA / mo$0.00$0.00$0.00
Total monthly$226.17$968.67$926.03
Cash to close$110,000$11,000$11,000