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$28,388$28,388$99,000
Remaining term (yrs)37.837.830.0
Secondary amount$0$70,612$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%8.570%7.640%
1st payment$177.22$177.22$685.46
2nd payment$0.00$529.59$0.00
Taxes / mo$26.00$26.00$26.00
Insurance / mo$150.00$150.00$150.00
MI / mo$13.15$13.15$19.80
HOA / mo$0.00$0.00$0.00
Total monthly$366.36$895.96$881.26
Cash to close$81,612$11,000$11,000