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$128,944$128,944$449,910
Remaining term (yrs)38.438.430.0
Secondary amount$0$320,966$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.549%7.560%
1st payment$760.82$760.82$3,090.57
2nd payment$0.00$2,072.91$0.00
Taxes / mo$155.90$155.90$155.90
Insurance / mo$166.67$166.67$166.67
MI / mo$59.56$59.56$89.98
HOA / mo$58.33$58.33$58.33
Total monthly$1,201.28$3,274.19$3,561.44
Cash to close$370,956$49,990$49,990