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$76,362$76,362$166,499
Remaining term (yrs)11.611.630.0
Secondary amount$0$90,137$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%8.014%7.640%
1st payment$756.03$756.03$1,152.81
2nd payment$0.00$676.03$0.00
Taxes / mo$193.25$193.25$193.25
Insurance / mo$150.00$150.00$150.00
MI / mo$89.32$89.32$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,188.60$1,864.62$1,529.36
Cash to close$108,637$18,500$18,500