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$79,651$79,651$310,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$230,849$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.670%7.560%
1st payment$535.56$535.56$2,132.92
2nd payment$0.00$1,490.90$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$37.31$37.31$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,010.36$2,501.27$2,632.52
Cash to close$265,349$34,500$34,500