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$99,270$99,270$210,600
Remaining term (yrs)38.538.530.0
Secondary amount$0$111,330$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.552%7.560%
1st payment$585.46$585.46$1,446.68
2nd payment$0.00$742.20$0.00
Taxes / mo$210.50$210.50$210.50
Insurance / mo$150.00$150.00$150.00
MI / mo$45.83$45.83$42.12
HOA / mo$0.00$0.00$0.00
Total monthly$991.79$1,733.99$1,849.30
Cash to close$134,730$23,400$23,400