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$70,291$70,291$269,550
Remaining term (yrs)10.110.130.0
Secondary amount$0$199,259$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate7.220%7.797%7.560%
1st payment$779.66$779.66$1,851.62
2nd payment$0.00$1,328.39$0.00
Taxes / mo$249.58$249.58$249.58
Insurance / mo$150.00$150.00$150.00
MI / mo$88.57$88.57$53.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,267.81$2,596.20$2,305.11
Cash to close$229,209$29,950$29,950