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$86,995$86,995$368,100
Remaining term (yrs)36.936.930.0
Secondary amount$0$281,105$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.724%7.640%
1st payment$554.29$554.29$2,548.65
2nd payment$0.00$1,815.47$0.00
Taxes / mo$340.83$340.83$340.83
Insurance / mo$150.00$150.00$150.00
MI / mo$40.46$40.46$73.62
HOA / mo$400.00$400.00$400.00
Total monthly$1,485.58$3,301.05$3,513.10
Cash to close$322,005$40,900$40,900