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$60,862$60,862$296,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$236,048$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.645%7.560%
1st payment$399.27$399.27$2,039.57
2nd payment$0.00$1,524.48$0.00
Taxes / mo$165.08$165.08$165.08
Insurance / mo$150.00$150.00$150.00
MI / mo$28.39$28.39$59.38
HOA / mo$436.00$436.00$436.00
Total monthly$1,178.75$2,703.23$2,850.03
Cash to close$269,038$32,990$32,990