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$120,186$120,186$341,100
Remaining term (yrs)37.437.430.0
Secondary amount$0$220,914$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.644%7.640%
1st payment$747.37$747.37$2,361.71
2nd payment$0.00$1,426.74$0.00
Taxes / mo$315.83$315.83$315.83
Insurance / mo$150.00$150.00$150.00
MI / mo$55.77$55.77$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,268.98$2,695.71$2,895.76
Cash to close$258,814$37,900$37,900