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$68,907$68,907$359,100
Remaining term (yrs)6.26.230.0
Secondary amount$0$290,193$0
Funding fee$0$0$0
Note rate6.250%6.250%7.400%
Blended rate7.100%7.625%7.640%
1st payment$1,100.26$1,100.26$2,486.34
2nd payment$0.00$1,874.16$0.00
Taxes / mo$230.00$230.00$230.00
Insurance / mo$150.00$150.00$150.00
MI / mo$126.58$126.58$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,606.83$3,480.99$2,938.16
Cash to close$330,093$39,900$39,900