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$111,717$111,717$260,100
Remaining term (yrs)29.729.730.0
Secondary amount$0$148,383$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate6.920%7.536%7.560%
1st payment$697.90$697.90$1,786.71
2nd payment$0.00$989.22$0.00
Taxes / mo$294.21$294.21$294.21
Insurance / mo$150.00$150.00$150.00
MI / mo$51.30$51.30$52.02
HOA / mo$42.50$42.50$42.50
Total monthly$1,235.91$2,225.13$2,325.43
Cash to close$177,283$28,900$28,900