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$14,103$14,103$152,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$138,807$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.936%7.560%
1st payment$93.82$93.82$1,050.39
2nd payment$0.00$925.38$0.00
Taxes / mo$99.50$99.50$99.50
Insurance / mo$150.00$150.00$150.00
MI / mo$6.55$6.55$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$349.87$1,275.25$1,330.47
Cash to close$155,797$16,990$16,990