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$152,999$152,999$378,000
Remaining term (yrs)37.537.530.0
Secondary amount$0$225,001$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.645%7.560%
1st payment$955.34$955.34$2,596.60
2nd payment$0.00$1,453.13$0.00
Taxes / mo$360.75$360.75$360.75
Insurance / mo$150.00$150.00$150.00
MI / mo$70.96$70.96$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,537.04$2,990.18$3,182.95
Cash to close$267,001$42,000$42,000