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$73,160$73,160$337,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$264,340$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.660%7.730%7.640%
1st payment$498.01$498.01$2,336.78
2nd payment$0.00$1,707.20$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$54.05$54.05$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,014.56$2,721.76$2,866.78
Cash to close$301,840$37,500$37,500