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$73,176$73,176$341,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$267,924$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.636%7.640%
1st payment$477.24$477.24$2,361.71
2nd payment$0.00$1,730.34$0.00
Taxes / mo$397.70$397.70$397.70
Insurance / mo$150.00$150.00$150.00
MI / mo$34.00$34.00$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,058.95$2,789.29$2,977.63
Cash to close$305,824$37,900$37,900