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$90,062$90,062$207,000
Remaining term (yrs)9.69.630.0
Secondary amount$0$116,938$0
Funding fee$0$0$0
Note rate6.240%6.240%7.400%
Blended rate7.090%7.604%7.640%
1st payment$1,029.46$1,029.46$1,433.23
2nd payment$0.00$779.59$0.00
Taxes / mo$191.67$191.67$191.67
Insurance / mo$150.00$150.00$150.00
MI / mo$118.56$118.56$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,489.68$2,269.27$1,816.29
Cash to close$139,938$23,000$23,000