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$81,144$81,144$269,999
Remaining term (yrs)26.726.730.0
Secondary amount$0$188,855$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.669%7.640%
1st payment$525.43$525.43$1,869.42
2nd payment$0.00$1,259.04$0.00
Taxes / mo$254.67$254.67$254.67
Insurance / mo$150.00$150.00$150.00
MI / mo$38.70$38.70$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$968.80$2,227.83$2,328.09
Cash to close$218,855$30,000$30,000