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$104,955$104,955$270,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$165,045$0
Funding fee$0$0$0
Note rate10.000%10.000%7.400%
Blended rate10.850%9.108%7.640%
1st payment$1,090.88$1,090.88$1,869.43
2nd payment$0.00$1,100.30$0.00
Taxes / mo$200.25$200.25$200.25
Insurance / mo$150.00$150.00$150.00
MI / mo$88.05$88.05$54.00
HOA / mo$375.00$375.00$375.00
Total monthly$1,904.18$3,004.48$2,648.68
Cash to close$195,045$30,000$30,000