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$43,279$43,279$130,410
Remaining term (yrs)6.36.330.0
Secondary amount$0$87,131$0
Funding fee$0$0$0
Note rate6.490%6.490%7.320%
Blended rate7.340%8.449%7.560%
1st payment$681.58$681.58$895.83
2nd payment$0.00$653.48$0.00
Taxes / mo$308.50$308.50$308.50
Insurance / mo$150.00$150.00$150.00
MI / mo$76.46$76.46$26.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,216.54$1,870.02$1,380.41
Cash to close$101,621$14,490$14,490