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$85,492$85,492$322,110
Remaining term (yrs)28.628.630.0
Secondary amount$0$236,618$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.654%7.640%
1st payment$567.11$567.11$2,230.22
2nd payment$0.00$1,528.16$0.00
Taxes / mo$237.25$237.25$237.25
Insurance / mo$150.00$150.00$150.00
MI / mo$39.71$39.71$64.42
HOA / mo$2.50$2.50$2.50
Total monthly$996.57$2,524.73$2,684.40
Cash to close$272,408$35,790$35,790