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$99,568$99,568$179,999
Remaining term (yrs)21.921.930.0
Secondary amount$0$80,431$0
Funding fee$0$0$0
Note rate4.600%4.600%7.320%
Blended rate5.450%7.036%7.560%
1st payment$598.99$598.99$1,236.47
2nd payment$0.00$603.24$0.00
Taxes / mo$244.00$244.00$244.00
Insurance / mo$150.00$150.00$150.00
MI / mo$82.76$82.76$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,075.76$1,678.99$1,666.47
Cash to close$100,431$20,000$20,000