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$121,272$121,272$389,700
Remaining term (yrs)29.329.330.0
Secondary amount$0$268,428$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.445%7.640%
1st payment$749.41$749.41$2,698.20
2nd payment$0.00$1,733.60$0.00
Taxes / mo$49.77$49.77$49.77
Insurance / mo$150.00$150.00$150.00
MI / mo$55.96$55.96$77.94
HOA / mo$0.00$0.00$0.00
Total monthly$1,005.14$2,738.74$2,975.92
Cash to close$311,728$43,300$43,300