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$30,303$30,303$125,910
Remaining term (yrs)7.97.930.0
Secondary amount$0$95,607$0
Funding fee$0$0$0
Note rate5.880%5.880%7.400%
Blended rate6.730%8.454%7.640%
1st payment$393.26$393.26$871.78
2nd payment$0.00$717.05$0.00
Taxes / mo$116.58$116.58$116.58
Insurance / mo$150.00$150.00$150.00
MI / mo$47.07$47.07$25.18
HOA / mo$243.00$243.00$243.00
Total monthly$949.91$1,666.96$1,406.54
Cash to close$109,597$13,990$13,990