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$93,895$93,895$179,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$85,205$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%8.355%7.640%
1st payment$647.98$647.98$1,240.05
2nd payment$0.00$639.04$0.00
Taxes / mo$47.00$47.00$47.00
Insurance / mo$150.00$150.00$150.00
MI / mo$69.55$69.55$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$914.53$1,553.57$1,472.87
Cash to close$105,105$19,900$19,900