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$136,541$136,541$440,100
Remaining term (yrs)27.627.630.0
Secondary amount$0$303,559$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.632%7.640%
1st payment$914.56$914.56$3,047.16
2nd payment$0.00$1,960.48$0.00
Taxes / mo$231.25$231.25$231.25
Insurance / mo$166.67$166.67$166.67
MI / mo$64.17$64.17$88.02
HOA / mo$29.17$29.17$29.17
Total monthly$1,405.81$3,366.30$3,562.27
Cash to close$352,459$48,900$48,900