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$65,062$65,062$161,910
Remaining term (yrs)11.911.930.0
Secondary amount$0$96,848$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%8.136%7.640%
1st payment$634.91$634.91$1,121.03
2nd payment$0.00$726.36$0.00
Taxes / mo$85.00$85.00$85.00
Insurance / mo$150.00$150.00$150.00
MI / mo$75.01$75.01$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$944.92$1,671.28$1,388.41
Cash to close$114,838$17,990$17,990