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$117,950$117,950$229,410
Remaining term (yrs)11.411.430.0
Secondary amount$0$111,460$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.409%7.640%
1st payment$1,179.36$1,179.36$1,588.39
2nd payment$0.00$743.07$0.00
Taxes / mo$102.67$102.67$102.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.33$139.33$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,571.36$2,314.42$1,886.94
Cash to close$136,950$25,490$25,490