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$89,592$89,592$152,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$63,318$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.770%7.560%
1st payment$569.81$569.81$1,050.39
2nd payment$0.00$474.88$0.00
Taxes / mo$218.33$218.33$218.33
Insurance / mo$150.00$150.00$150.00
MI / mo$41.97$41.97$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$980.12$1,455.00$1,449.30
Cash to close$80,308$16,990$16,990