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$61,394$61,394$333,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$271,606$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.643%7.640%
1st payment$398.39$398.39$2,305.62
2nd payment$0.00$1,754.12$0.00
Taxes / mo$403.42$403.42$403.42
Insurance / mo$150.00$150.00$150.00
MI / mo$28.53$28.53$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$980.34$2,734.47$2,925.64
Cash to close$308,606$37,000$37,000