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$87,014$87,014$315,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$227,986$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.579%7.640%
1st payment$559.68$559.68$2,181.00
2nd payment$0.00$1,472.41$0.00
Taxes / mo$168.62$168.62$168.62
Insurance / mo$150.00$150.00$150.00
MI / mo$40.25$40.25$63.00
HOA / mo$448.00$448.00$448.00
Total monthly$1,366.55$2,838.96$3,010.61
Cash to close$262,986$35,000$35,000