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$78,353$78,353$288,000
Remaining term (yrs)10.410.430.0
Secondary amount$0$209,647$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate7.190%7.598%7.640%
1st payment$853.22$853.22$1,994.05
2nd payment$0.00$1,353.97$0.00
Taxes / mo$278.30$278.30$278.30
Insurance / mo$150.00$150.00$150.00
MI / mo$97.23$97.23$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,378.75$2,732.71$2,479.96
Cash to close$241,647$32,000$32,000