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$95,369$95,369$283,500
Remaining term (yrs)8.88.830.0
Secondary amount$0$188,131$0
Funding fee$0$0$0
Note rate5.650%5.650%7.400%
Blended rate6.500%7.495%7.640%
1st payment$1,136.63$1,136.63$1,962.90
2nd payment$0.00$1,254.21$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$139.48$139.48$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,688.61$2,942.82$2,432.10
Cash to close$219,631$31,500$31,500