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$11,950$11,950$103,500
Remaining term (yrs)4.54.530.0
Secondary amount$0$91,550$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.760%8.857%7.640%
1st payment$250.26$250.26$716.61
2nd payment$0.00$686.62$0.00
Taxes / mo$85.33$85.33$85.33
Insurance / mo$150.00$150.00$150.00
MI / mo$26.89$26.89$20.70
HOA / mo$285.00$285.00$285.00
Total monthly$797.48$1,484.10$1,257.65
Cash to close$103,050$11,500$11,500