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$67,991$67,991$292,410
Remaining term (yrs)7.17.130.0
Secondary amount$0$224,419$0
Funding fee$0$0$0
Note rate6.050%6.050%7.320%
Blended rate6.900%7.552%7.560%
1st payment$967.33$967.33$2,008.65
2nd payment$0.00$1,449.37$0.00
Taxes / mo$190.92$190.92$190.92
Insurance / mo$150.00$150.00$150.00
MI / mo$113.67$113.67$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,421.92$2,871.29$2,408.05
Cash to close$256,909$32,490$32,490