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$107,489$107,489$202,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$94,921$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%8.007%7.640%
1st payment$719.29$719.29$1,401.45
2nd payment$0.00$711.91$0.00
Taxes / mo$221.58$221.58$221.58
Insurance / mo$150.00$150.00$150.00
MI / mo$49.90$49.90$40.48
HOA / mo$179.00$179.00$179.00
Total monthly$1,319.77$2,031.68$1,992.51
Cash to close$117,411$22,490$22,490