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$28,516$28,516$125,100
Remaining term (yrs)7.47.430.0
Secondary amount$0$96,584$0
Funding fee$0$0$0
Note rate5.870%5.870%7.400%
Blended rate6.720%8.480%7.640%
1st payment$392.46$392.46$866.17
2nd payment$0.00$724.38$0.00
Taxes / mo$22.92$22.92$22.92
Insurance / mo$150.00$150.00$150.00
MI / mo$47.02$47.02$25.02
HOA / mo$0.00$0.00$0.00
Total monthly$612.39$1,336.77$1,064.10
Cash to close$110,484$13,900$13,900