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$103,478$103,478$412,200
Remaining term (yrs)36.936.930.0
Secondary amount$0$308,722$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.645%7.560%
1st payment$636.53$636.53$2,831.53
2nd payment$0.00$1,993.83$0.00
Taxes / mo$503.00$503.00$503.00
Insurance / mo$166.67$166.67$166.67
MI / mo$48.18$48.18$82.44
HOA / mo$0.00$0.00$0.00
Total monthly$1,354.37$3,348.20$3,583.63
Cash to close$354,522$45,800$45,800