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$109,314$109,314$176,400
Remaining term (yrs)25.725.730.0
Secondary amount$0$67,086$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.203%7.560%
1st payment$644.88$644.88$1,211.75
2nd payment$0.00$503.14$0.00
Taxes / mo$98.58$98.58$98.58
Insurance / mo$150.00$150.00$150.00
MI / mo$82.72$82.72$35.28
HOA / mo$0.00$0.00$0.00
Total monthly$976.18$1,479.33$1,495.61
Cash to close$86,686$19,600$19,600