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$67,196$67,196$269,901
Remaining term (yrs)12.212.230.0
Secondary amount$0$202,705$0
Funding fee$0$0$0
Note rate5.960%5.960%7.400%
Blended rate6.810%7.516%7.640%
1st payment$642.23$642.23$1,868.74
2nd payment$0.00$1,309.14$0.00
Taxes / mo$66.67$66.67$66.67
Insurance / mo$150.00$150.00$150.00
MI / mo$76.20$76.20$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$935.10$2,244.24$2,139.39
Cash to close$232,694$29,989$29,989