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$42,814$42,814$341,910
Remaining term (yrs)4.94.930.0
Secondary amount$0$299,096$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%7.756%7.560%
1st payment$835.14$835.14$2,348.68
2nd payment$0.00$1,931.66$0.00
Taxes / mo$74.75$74.75$74.75
Insurance / mo$150.00$150.00$150.00
MI / mo$89.37$89.37$68.38
HOA / mo$55.00$55.00$55.00
Total monthly$1,204.26$3,135.92$2,696.82
Cash to close$337,086$37,990$37,990