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$38,677$38,677$143,910
Remaining term (yrs)10.810.830.0
Secondary amount$0$105,233$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.590%7.890%7.560%
1st payment$417.85$417.85$988.56
2nd payment$0.00$701.56$0.00
Taxes / mo$52.00$52.00$52.00
Insurance / mo$150.00$150.00$150.00
MI / mo$45.68$45.68$28.78
HOA / mo$0.00$0.00$0.00
Total monthly$665.53$1,367.09$1,219.34
Cash to close$121,223$15,990$15,990