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$98,439$98,439$233,910
Remaining term (yrs)9.99.930.0
Secondary amount$0$135,471$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.480%7.781%7.560%
1st payment$1,124.28$1,124.28$1,606.80
2nd payment$0.00$903.14$0.00
Taxes / mo$233.83$233.83$233.83
Insurance / mo$150.00$150.00$150.00
MI / mo$124.31$124.31$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,632.42$2,535.56$2,037.41
Cash to close$161,461$25,990$25,990