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$87,501$87,501$400,050
Remaining term (yrs)28.428.430.0
Secondary amount$0$312,549$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.678%7.640%
1st payment$583.26$583.26$2,769.87
2nd payment$0.00$2,018.54$0.00
Taxes / mo$451.75$451.75$451.75
Insurance / mo$150.00$150.00$150.00
MI / mo$40.71$40.71$80.01
HOA / mo$15.83$15.83$15.83
Total monthly$1,241.55$3,260.10$3,467.46
Cash to close$356,999$44,450$44,450