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$42,930$42,930$253,800
Remaining term (yrs)6.46.430.0
Secondary amount$0$210,870$0
Funding fee$0$0$0
Note rate5.860%5.860%7.400%
Blended rate6.710%7.574%7.640%
1st payment$656.28$656.28$1,757.26
2nd payment$0.00$1,361.87$0.00
Taxes / mo$341.25$341.25$341.25
Insurance / mo$150.00$150.00$150.00
MI / mo$78.71$78.71$50.76
HOA / mo$121.00$121.00$121.00
Total monthly$1,347.24$2,709.11$2,420.27
Cash to close$239,070$28,200$28,200