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$158,996$158,996$620,910
Remaining term (yrs)38.238.230.0
Secondary amount$0$461,914$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.642%7.640%
1st payment$971.06$971.06$4,299.06
2nd payment$0.00$2,983.19$0.00
Taxes / mo$529.75$529.75$529.75
Insurance / mo$166.67$166.67$166.67
MI / mo$73.50$73.50$124.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,740.97$4,724.17$5,119.65
Cash to close$530,904$68,990$68,990