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$74,810$74,810$247,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$172,690$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.807%7.640%
1st payment$494.31$494.31$1,713.64
2nd payment$0.00$1,151.27$0.00
Taxes / mo$502.75$502.75$502.75
Insurance / mo$150.00$150.00$150.00
MI / mo$34.72$34.72$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,181.78$2,333.05$2,415.89
Cash to close$200,190$27,500$27,500