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$61,426$61,426$216,000
Remaining term (yrs)10.410.430.0
Secondary amount$0$154,574$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.970%7.707%7.640%
1st payment$662.01$662.01$1,495.54
2nd payment$0.00$1,030.49$0.00
Taxes / mo$92.00$92.00$92.00
Insurance / mo$150.00$150.00$150.00
MI / mo$77.22$77.22$43.20
HOA / mo$264.00$264.00$264.00
Total monthly$1,245.23$2,275.72$2,044.74
Cash to close$178,574$24,000$24,000