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$98,161$98,161$162,000
Remaining term (yrs)17.917.930.0
Secondary amount$0$63,839$0
Funding fee$0$0$0
Note rate4.150%4.150%7.400%
Blended rate5.000%6.576%7.640%
1st payment$643.87$643.87$1,121.66
2nd payment$0.00$478.79$0.00
Taxes / mo$143.42$143.42$143.42
Insurance / mo$150.00$150.00$150.00
MI / mo$93.82$93.82$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,031.11$1,509.90$1,447.47
Cash to close$81,839$18,000$18,000