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$119,049$119,049$292,500
Remaining term (yrs)9.89.830.0
Secondary amount$0$173,451$0
Funding fee$0$0$0
Note rate6.750%6.750%7.320%
Blended rate7.600%7.837%7.560%
1st payment$1,375.03$1,375.03$2,009.27
2nd payment$0.00$1,156.34$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$150.17$150.17$58.50
HOA / mo$527.00$527.00$527.00
Total monthly$2,473.03$3,629.37$3,015.61
Cash to close$205,951$32,500$32,500