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$77,867$77,867$157,500
Remaining term (yrs)11.411.430.0
Secondary amount$0$79,633$0
Funding fee$0$0$0
Note rate5.680%5.680%7.400%
Blended rate6.530%7.779%7.640%
1st payment$769.75$769.75$1,090.50
2nd payment$0.00$597.25$0.00
Taxes / mo$67.08$67.08$67.08
Insurance / mo$150.00$150.00$150.00
MI / mo$94.15$94.15$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,080.98$1,678.23$1,339.08
Cash to close$97,133$17,500$17,500