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$87,463$87,463$395,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$308,447$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.657%7.640%
1st payment$580.06$580.06$2,741.20
2nd payment$0.00$1,992.06$0.00
Taxes / mo$147.17$147.17$147.17
Insurance / mo$150.00$150.00$150.00
MI / mo$40.86$40.86$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$918.09$2,910.15$3,117.55
Cash to close$352,437$43,990$43,990