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$120,478$120,478$404,910
Remaining term (yrs)28.628.630.0
Secondary amount$0$284,432$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.634%7.640%
1st payment$796.81$796.81$2,803.52
2nd payment$0.00$1,836.96$0.00
Taxes / mo$374.92$374.92$374.92
Insurance / mo$150.00$150.00$150.00
MI / mo$55.96$55.96$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,377.69$3,214.65$3,409.41
Cash to close$329,422$44,990$44,990