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$41,467$41,467$292,500
Remaining term (yrs)4.44.430.0
Secondary amount$0$251,033$0
Funding fee$0$0$0
Note rate6.970%6.970%7.320%
Blended rate7.820%7.760%7.560%
1st payment$882.95$882.95$2,009.27
2nd payment$0.00$1,621.25$0.00
Taxes / mo$218.00$218.00$218.00
Insurance / mo$150.00$150.00$150.00
MI / mo$94.29$94.29$58.50
HOA / mo$21.67$21.67$21.67
Total monthly$1,366.91$2,988.16$2,457.44
Cash to close$283,533$32,500$32,500