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$65,900$65,900$341,910
Remaining term (yrs)11.811.830.0
Secondary amount$0$276,010$0
Funding fee$0$0$0
Note rate6.750%6.750%7.320%
Blended rate7.600%7.721%7.560%
1st payment$671.99$671.99$2,348.68
2nd payment$0.00$1,782.57$0.00
Taxes / mo$84.42$84.42$84.42
Insurance / mo$150.00$150.00$150.00
MI / mo$73.39$73.39$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$979.80$2,762.36$2,651.48
Cash to close$314,000$37,990$37,990