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$88,579$88,579$227,610
Remaining term (yrs)10.910.930.0
Secondary amount$0$139,031$0
Funding fee$0$0$0
Note rate6.680%6.680%7.320%
Blended rate7.530%7.817%7.560%
1st payment$944.46$944.46$1,563.52
2nd payment$0.00$926.88$0.00
Taxes / mo$30.92$30.92$30.92
Insurance / mo$150.00$150.00$150.00
MI / mo$103.89$103.89$45.52
HOA / mo$0.00$0.00$0.00
Total monthly$1,229.27$2,156.15$1,789.96
Cash to close$164,321$25,290$25,290