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$87,966$87,966$134,910
Remaining term (yrs)13.613.630.0
Secondary amount$0$46,944$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.272%7.640%
1st payment$761.05$761.05$934.09
2nd payment$0.00$352.08$0.00
Taxes / mo$167.08$167.08$167.08
Insurance / mo$150.00$150.00$150.00
MI / mo$94.94$94.94$26.98
HOA / mo$514.00$514.00$514.00
Total monthly$1,687.08$2,039.16$1,792.15
Cash to close$61,934$14,990$14,990