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$81,138$81,138$269,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$188,772$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.666%7.640%
1st payment$524.88$524.88$1,868.80
2nd payment$0.00$1,258.48$0.00
Taxes / mo$254.70$254.70$254.70
Insurance / mo$150.00$150.00$150.00
MI / mo$38.70$38.70$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$968.28$2,226.76$2,327.48
Cash to close$218,762$29,990$29,990