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$124,302$124,302$377,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$253,608$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%7.704%7.640%
1st payment$851.31$851.31$2,616.57
2nd payment$0.00$1,637.89$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$150.00$150.00$150.00
MI / mo$58.29$58.29$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,171.35$2,809.24$2,953.90
Cash to close$295,598$41,990$41,990