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$100,917$100,917$215,100
Remaining term (yrs)21.521.530.0
Secondary amount$0$114,183$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.109%7.560%
1st payment$650.64$650.64$1,477.59
2nd payment$0.00$761.22$0.00
Taxes / mo$253.92$253.92$253.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$43.02
HOA / mo$6.25$6.25$6.25
Total monthly$1,144.27$1,905.48$1,930.77
Cash to close$138,083$23,900$23,900