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$128,342$128,342$296,910
Remaining term (yrs)11.911.930.0
Secondary amount$0$168,568$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.320%7.706%7.640%
1st payment$1,278.01$1,278.01$2,055.74
2nd payment$0.00$1,123.78$0.00
Taxes / mo$399.08$399.08$399.08
Insurance / mo$150.00$150.00$150.00
MI / mo$143.67$143.67$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,970.76$3,094.54$2,664.21
Cash to close$201,558$32,990$32,990