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$136,208$136,208$368,100
Remaining term (yrs)37.437.430.0
Secondary amount$0$231,892$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.543%7.640%
1st payment$821.92$821.92$2,548.65
2nd payment$0.00$1,497.63$0.00
Taxes / mo$421.17$421.17$421.17
Insurance / mo$150.00$150.00$150.00
MI / mo$63.26$63.26$73.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,456.36$2,953.99$3,193.44
Cash to close$272,792$40,900$40,900