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$114,902$114,902$198,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$83,098$0
Funding fee$0$0$0
Note rate6.570%6.570%7.400%
Blended rate7.120%7.909%7.640%
1st payment$759.25$759.25$1,370.91
2nd payment$0.00$623.23$0.00
Taxes / mo$66.92$66.92$66.92
Insurance / mo$150.00$150.00$150.00
MI / mo$54.66$54.66$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,030.82$1,654.05$1,627.43
Cash to close$105,098$22,000$22,000