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$139,212$139,212$382,500
Remaining term (yrs)38.338.330.0
Secondary amount$0$243,288$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.608%7.640%
1st payment$852.82$852.82$2,648.35
2nd payment$0.00$1,571.23$0.00
Taxes / mo$243.92$243.92$243.92
Insurance / mo$150.00$150.00$150.00
MI / mo$64.32$64.32$76.50
HOA / mo$43.00$43.00$43.00
Total monthly$1,354.06$2,925.29$3,161.77
Cash to close$285,788$42,500$42,500