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$75,891$75,891$161,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$86,019$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%8.438%7.560%
1st payment$524.61$524.61$1,112.21
2nd payment$0.00$645.14$0.00
Taxes / mo$85.58$85.58$85.58
Insurance / mo$150.00$150.00$150.00
MI / mo$56.14$56.14$32.38
HOA / mo$387.00$387.00$387.00
Total monthly$1,203.33$1,848.47$1,767.17
Cash to close$104,009$17,990$17,990