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$107,511$107,511$131,850
Remaining term (yrs)27.927.930.0
Secondary amount$0$31,664$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%8.418%7.560%
1st payment$720.06$720.06$905.72
2nd payment$0.00$313.34$0.00
Taxes / mo$98.70$98.70$98.70
Insurance / mo$150.00$150.00$150.00
MI / mo$50.37$50.37$26.37
HOA / mo$0.00$0.00$0.00
Total monthly$1,019.13$1,332.47$1,180.78
Cash to close$38,989$7,325$14,650