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$37,076$37,076$107,100
Remaining term (yrs)10.910.930.0
Secondary amount$0$70,024$0
Funding fee$0$0$0
Note rate6.450%6.450%7.320%
Blended rate7.300%8.411%7.560%
1st payment$390.90$390.90$735.70
2nd payment$0.00$525.18$0.00
Taxes / mo$72.33$72.33$72.33
Insurance / mo$150.00$150.00$150.00
MI / mo$44.04$44.04$21.42
HOA / mo$0.00$0.00$0.00
Total monthly$657.27$1,182.45$979.46
Cash to close$81,924$11,900$11,900