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$89,130$89,130$166,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$77,370$0
Funding fee$0$0$0
Note rate4.590%4.590%7.400%
Blended rate5.440%7.094%7.640%
1st payment$551.75$551.75$1,152.81
2nd payment$0.00$580.27$0.00
Taxes / mo$52.58$52.58$52.58
Insurance / mo$150.00$150.00$150.00
MI / mo$75.11$75.11$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$829.45$1,409.72$1,388.70
Cash to close$95,870$18,500$18,500