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$111,535$111,535$292,499
Remaining term (yrs)10.810.830.0
Secondary amount$0$180,964$0
Funding fee$0$0$0
Note rate6.620%6.620%7.320%
Blended rate7.470%7.798%7.560%
1st payment$1,198.04$1,198.04$2,009.27
2nd payment$0.00$1,206.43$0.00
Taxes / mo$201.67$201.67$201.67
Insurance / mo$150.00$150.00$150.00
MI / mo$132.60$132.60$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.31$2,888.74$2,419.43
Cash to close$213,464$32,500$32,500