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$86,590$86,590$161,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$75,320$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%8.198%7.640%
1st payment$586.19$586.19$1,121.03
2nd payment$0.00$564.90$0.00
Taxes / mo$163.33$163.33$163.33
Insurance / mo$150.00$150.00$150.00
MI / mo$40.59$40.59$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$940.12$1,505.02$1,466.75
Cash to close$93,310$17,990$17,990