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$71,484$71,484$161,100
Remaining term (yrs)11.611.630.0
Secondary amount$0$89,616$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%8.046%7.640%
1st payment$707.73$707.73$1,115.42
2nd payment$0.00$672.12$0.00
Taxes / mo$144.50$144.50$144.50
Insurance / mo$150.00$150.00$150.00
MI / mo$83.61$83.61$32.22
HOA / mo$348.00$348.00$348.00
Total monthly$1,433.85$2,105.97$1,790.14
Cash to close$107,516$17,900$17,900