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$43,667$43,667$265,410
Remaining term (yrs)5.45.430.0
Secondary amount$0$221,743$0
Funding fee$0$0$0
Note rate6.800%6.800%7.400%
Blended rate7.650%7.734%7.640%
1st payment$785.11$785.11$1,837.65
2nd payment$0.00$1,432.09$0.00
Taxes / mo$136.83$136.83$136.83
Insurance / mo$150.00$150.00$150.00
MI / mo$85.30$85.30$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,157.24$2,589.33$2,177.56
Cash to close$251,233$29,490$29,490