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$109,505$109,505$355,499
Remaining term (yrs)39.739.730.0
Secondary amount$0$245,994$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.448%7.640%
1st payment$619.98$619.98$2,461.40
2nd payment$0.00$1,588.71$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$50.24$50.24$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,149.38$2,738.09$3,011.67
Cash to close$285,494$39,500$39,500