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$100,004$100,004$359,999
Remaining term (yrs)38.038.030.0
Secondary amount$0$259,995$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.556%7.560%
1st payment$591.52$591.52$2,472.94
2nd payment$0.00$1,679.13$0.00
Taxes / mo$298.25$298.25$298.25
Insurance / mo$150.00$150.00$150.00
MI / mo$46.31$46.31$72.00
HOA / mo$275.00$275.00$275.00
Total monthly$1,361.07$3,040.21$3,268.19
Cash to close$299,995$40,000$40,000