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$100,592$100,592$241,650
Remaining term (yrs)28.828.830.0
Secondary amount$0$141,058$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.746%7.640%
1st payment$666.05$666.05$1,673.14
2nd payment$0.00$940.39$0.00
Taxes / mo$71.00$71.00$71.00
Insurance / mo$150.00$150.00$150.00
MI / mo$46.64$46.64$48.33
HOA / mo$0.00$0.00$0.00
Total monthly$933.68$1,874.07$1,942.47
Cash to close$167,908$26,850$26,850