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$0$0$110,700
Remaining term (yrs)29.429.430.0
Secondary amount$0$110,700$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%8.000%7.640%
1st payment$0.00$0.00$766.46
2nd payment$0.00$738.00$0.00
Taxes / mo$45.42$45.42$45.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$22.14
HOA / mo$0.00$0.00$0.00
Total monthly$195.42$933.42$984.02
Cash to close$123,000$12,300$12,300