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$83,261$83,261$224,100
Remaining term (yrs)11.311.330.0
Secondary amount$0$140,839$0
Funding fee$0$0$0
Note rate7.000%7.000%7.400%
Blended rate7.850%7.944%7.640%
1st payment$884.28$884.28$1,551.62
2nd payment$0.00$938.92$0.00
Taxes / mo$199.10$199.10$199.10
Insurance / mo$150.00$150.00$150.00
MI / mo$94.15$94.15$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,327.52$2,266.45$1,945.54
Cash to close$165,739$24,900$24,900