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$85,112$85,112$174,600
Remaining term (yrs)28.428.430.0
Secondary amount$0$89,488$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%8.230%7.560%
1st payment$567.87$567.87$1,199.38
2nd payment$0.00$671.16$0.00
Taxes / mo$152.50$152.50$152.50
Insurance / mo$150.00$150.00$150.00
MI / mo$39.64$39.64$34.92
HOA / mo$0.00$0.00$0.00
Total monthly$910.01$1,581.17$1,536.80
Cash to close$108,888$19,400$19,400