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$143,236$143,236$378,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$234,764$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.587%7.640%
1st payment$951.85$951.85$2,617.20
2nd payment$0.00$1,516.19$0.00
Taxes / mo$168.04$168.04$168.04
Insurance / mo$150.00$150.00$150.00
MI / mo$67.12$67.12$75.60
HOA / mo$12.67$12.67$12.67
Total monthly$1,349.68$2,865.87$3,023.51
Cash to close$276,764$42,000$42,000