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$118,356$118,356$279,000
Remaining term (yrs)38.938.930.0
Secondary amount$0$160,644$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.669%7.560%
1st payment$710.67$710.67$1,916.54
2nd payment$0.00$1,070.96$0.00
Taxes / mo$474.15$474.15$474.15
Insurance / mo$150.00$150.00$150.00
MI / mo$54.50$54.50$55.80
HOA / mo$50.00$50.00$50.00
Total monthly$1,439.32$2,510.28$2,646.49
Cash to close$191,644$31,000$31,000