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$79,038$79,038$161,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$82,062$0
Funding fee$0$0$0
Note rate7.310%7.310%7.400%
Blended rate7.860%8.441%7.640%
1st payment$558.61$558.61$1,115.42
2nd payment$0.00$615.47$0.00
Taxes / mo$104.92$104.92$104.92
Insurance / mo$150.00$150.00$150.00
MI / mo$37.31$37.31$32.22
HOA / mo$0.00$0.00$0.00
Total monthly$850.83$1,466.30$1,402.56
Cash to close$99,962$17,900$17,900