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$113,821$113,821$135,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$28,679$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%8.388%7.640%
1st payment$780.74$780.74$934.71
2nd payment$0.00$283.80$0.00
Taxes / mo$27.25$27.25$27.25
Insurance / mo$150.00$150.00$150.00
MI / mo$54.00$54.00$27.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,011.99$1,295.79$1,138.96
Cash to close$36,179$7,500$15,000