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$109,639$109,639$368,100
Remaining term (yrs)11.311.330.0
Secondary amount$0$258,461$0
Funding fee$0$0$0
Note rate6.250%6.250%7.320%
Blended rate7.100%7.556%7.560%
1st payment$1,121.47$1,121.47$2,528.59
2nd payment$0.00$1,669.22$0.00
Taxes / mo$73.15$73.15$73.15
Insurance / mo$150.00$150.00$150.00
MI / mo$129.02$129.02$73.62
HOA / mo$39.33$39.33$39.33
Total monthly$1,512.97$3,182.19$2,864.69
Cash to close$299,361$40,900$40,900