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$35,189$35,189$161,100
Remaining term (yrs)10.310.330.0
Secondary amount$0$125,911$0
Funding fee$0$0$0
Note rate6.210%6.210%7.320%
Blended rate7.060%7.795%7.560%
1st payment$380.86$380.86$1,106.65
2nd payment$0.00$839.40$0.00
Taxes / mo$106.83$106.83$106.83
Insurance / mo$150.00$150.00$150.00
MI / mo$44.00$44.00$32.22
HOA / mo$299.00$299.00$299.00
Total monthly$980.69$1,820.09$1,694.70
Cash to close$143,811$17,900$17,900