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$76,600$76,600$358,200
Remaining term (yrs)4.54.530.0
Secondary amount$0$281,600$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%7.761%7.560%
1st payment$1,605.57$1,605.57$2,460.59
2nd payment$0.00$1,818.67$0.00
Taxes / mo$247.08$247.08$247.08
Insurance / mo$150.00$150.00$150.00
MI / mo$171.81$171.81$71.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,174.46$3,993.13$2,929.31
Cash to close$321,400$39,800$39,800