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$71,155$71,155$238,500
Remaining term (yrs)11.511.530.0
Secondary amount$0$167,345$0
Funding fee$0$0$0
Note rate6.250%6.250%7.400%
Blended rate7.100%7.731%7.640%
1st payment$717.13$717.13$1,651.33
2nd payment$0.00$1,115.64$0.00
Taxes / mo$220.83$220.83$220.83
Insurance / mo$150.00$150.00$150.00
MI / mo$82.50$82.50$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,170.47$2,286.10$2,069.86
Cash to close$193,845$26,500$26,500