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$131,570$131,570$432,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$300,430$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.656%7.640%
1st payment$886.40$886.40$2,991.08
2nd payment$0.00$1,940.28$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$61.75$61.75$86.40
HOA / mo$307.00$307.00$307.00
Total monthly$1,821.81$3,762.09$3,951.15
Cash to close$348,430$48,000$48,000