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$90,970$90,970$287,910
Remaining term (yrs)12.212.230.0
Secondary amount$0$196,940$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.321%7.560%
1st payment$824.78$824.78$1,977.74
2nd payment$0.00$1,312.93$0.00
Taxes / mo$302.00$302.00$302.00
Insurance / mo$150.00$150.00$150.00
MI / mo$108.83$108.83$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,385.61$2,698.54$2,487.32
Cash to close$228,930$31,990$31,990