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$0$0$112,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$112,500$0
Funding fee$0$0$0
Note rate7.880%7.880%7.320%
Blended rate8.730%8.000%7.560%
1st payment$299.66$299.66$772.80
2nd payment$0.00$750.00$0.00
Taxes / mo$78.17$78.17$78.17
Insurance / mo$150.00$150.00$150.00
MI / mo$29.26$29.26$22.50
HOA / mo$0.00$0.00$0.00
Total monthly$557.09$1,307.09$1,023.46
Cash to close$125,000$12,500$12,500