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$83,895$83,895$304,110
Remaining term (yrs)38.838.830.0
Secondary amount$0$220,215$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.653%7.560%
1st payment$514.99$514.99$2,089.02
2nd payment$0.00$1,422.22$0.00
Taxes / mo$271.42$271.42$271.42
Insurance / mo$150.00$150.00$150.00
MI / mo$38.66$38.66$60.82
HOA / mo$33.33$33.33$33.33
Total monthly$1,008.39$2,430.61$2,604.59
Cash to close$254,005$33,790$33,790