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$69,828$69,828$242,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$173,082$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.816%7.640%
1st payment$460.97$460.97$1,681.86
2nd payment$0.00$1,153.88$0.00
Taxes / mo$320.42$320.42$320.42
Insurance / mo$150.00$150.00$150.00
MI / mo$32.38$32.38$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$963.76$2,117.64$2,200.86
Cash to close$200,072$26,990$26,990