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$28,913$28,913$121,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$92,587$0
Funding fee$0$0$0
Note rate4.140%4.140%7.320%
Blended rate4.990%8.046%7.560%
1st payment$190.69$190.69$834.62
2nd payment$0.00$694.40$0.00
Taxes / mo$160.08$160.08$160.08
Insurance / mo$150.00$150.00$150.00
MI / mo$27.82$27.82$24.30
HOA / mo$0.00$0.00$0.00
Total monthly$528.59$1,222.99$1,169.00
Cash to close$106,087$13,500$13,500