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$97,540$97,540$152,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$54,560$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.749%7.560%
1st payment$643.13$643.13$1,044.82
2nd payment$0.00$409.20$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$46.64$46.64$30.42
HOA / mo$0.00$0.00$0.00
Total monthly$980.60$1,389.80$1,366.07
Cash to close$71,460$16,900$16,900