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$49,127$49,127$130,500
Remaining term (yrs)9.89.830.0
Secondary amount$0$81,373$0
Funding fee$0$0$0
Note rate6.380%6.380%7.400%
Blended rate7.230%8.334%7.640%
1st payment$558.16$558.16$903.56
2nd payment$0.00$610.30$0.00
Taxes / mo$79.67$79.67$79.67
Insurance / mo$150.00$150.00$150.00
MI / mo$63.34$63.34$26.10
HOA / mo$0.00$0.00$0.00
Total monthly$851.17$1,461.47$1,159.32
Cash to close$95,873$14,500$14,500