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$45,886$45,886$269,100
Remaining term (yrs)6.46.430.0
Secondary amount$0$223,214$0
Funding fee$0$0$0
Note rate6.000%6.000%7.320%
Blended rate6.850%7.597%7.560%
1st payment$704.51$704.51$1,848.53
2nd payment$0.00$1,441.59$0.00
Taxes / mo$155.67$155.67$155.67
Insurance / mo$150.00$150.00$150.00
MI / mo$83.23$83.23$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,093.41$2,535.01$2,208.02
Cash to close$253,114$29,900$29,900