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$80,467$80,467$377,910
Remaining term (yrs)9.49.430.0
Secondary amount$0$297,443$0
Funding fee$0$0$0
Note rate6.250%6.250%7.400%
Blended rate7.100%7.612%7.640%
1st payment$931.82$931.82$2,616.57
2nd payment$0.00$1,920.99$0.00
Taxes / mo$199.33$199.33$199.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.20$107.20$75.58
HOA / mo$386.00$386.00$386.00
Total monthly$1,774.35$3,695.34$3,427.49
Cash to close$339,433$41,990$41,990