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$81,850$81,850$440,910
Remaining term (yrs)29.329.330.0
Secondary amount$0$359,060$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%7.555%7.640%
1st payment$502.11$502.11$3,052.77
2nd payment$0.00$2,318.93$0.00
Taxes / mo$363.83$363.83$363.83
Insurance / mo$166.67$166.67$166.67
MI / mo$37.77$37.77$88.18
HOA / mo$15.33$15.33$15.33
Total monthly$1,085.71$3,404.64$3,686.78
Cash to close$408,050$48,990$48,990