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$82,991$82,991$359,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$276,109$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%7.762%7.640%
1st payment$573.05$573.05$2,486.34
2nd payment$0.00$1,783.20$0.00
Taxes / mo$331.92$331.92$331.92
Insurance / mo$150.00$150.00$150.00
MI / mo$61.32$61.32$71.82
HOA / mo$110.00$110.00$110.00
Total monthly$1,226.29$3,009.49$3,150.07
Cash to close$316,009$39,900$39,900