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$74,765$74,765$269,325
Remaining term (yrs)12.112.130.0
Secondary amount$0$194,560$0
Funding fee$0$0$0
Note rate6.250%6.250%7.400%
Blended rate7.100%7.750%7.640%
1st payment$729.17$729.17$1,864.75
2nd payment$0.00$1,297.07$0.00
Taxes / mo$155.99$155.99$155.99
Insurance / mo$150.00$150.00$150.00
MI / mo$83.89$83.89$53.87
HOA / mo$14.58$14.58$14.58
Total monthly$1,133.63$2,430.69$2,239.19
Cash to close$224,485$29,925$29,925