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$111,330$111,330$203,400
Remaining term (yrs)16.916.930.0
Secondary amount$0$92,070$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%7.139%7.640%
1st payment$793.91$793.91$1,408.30
2nd payment$0.00$690.53$0.00
Taxes / mo$110.92$110.92$110.92
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$40.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,162.62$1,853.15$1,709.90
Cash to close$114,670$22,600$22,600