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$104,882$104,882$305,910
Remaining term (yrs)38.638.630.0
Secondary amount$0$201,028$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.558%7.640%
1st payment$628.66$628.66$2,118.06
2nd payment$0.00$1,298.30$0.00
Taxes / mo$206.25$206.25$206.25
Insurance / mo$150.00$150.00$150.00
MI / mo$48.39$48.39$61.18
HOA / mo$16.67$16.67$16.67
Total monthly$1,049.97$2,348.27$2,552.16
Cash to close$235,018$33,990$33,990