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$71,299$71,299$296,910
Remaining term (yrs)36.736.730.0
Secondary amount$0$225,611$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.527%7.560%
1st payment$413.89$413.89$2,039.57
2nd payment$0.00$1,457.07$0.00
Taxes / mo$337.15$337.15$337.15
Insurance / mo$150.00$150.00$150.00
MI / mo$33.33$33.33$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$934.37$2,391.44$2,586.09
Cash to close$258,601$32,990$32,990