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$85,373$85,373$337,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$252,127$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.661%7.640%
1st payment$567.95$567.95$2,336.78
2nd payment$0.00$1,628.32$0.00
Taxes / mo$502.50$502.50$502.50
Insurance / mo$150.00$150.00$150.00
MI / mo$39.73$39.73$67.50
HOA / mo$100.67$100.67$100.67
Total monthly$1,360.84$2,989.17$3,157.45
Cash to close$289,627$37,500$37,500