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$109,755$109,755$413,550
Remaining term (yrs)37.537.530.0
Secondary amount$0$303,795$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.628%7.640%
1st payment$669.72$669.72$2,863.34
2nd payment$0.00$1,962.01$0.00
Taxes / mo$382.92$382.92$382.92
Insurance / mo$166.67$166.67$166.67
MI / mo$50.94$50.94$82.71
HOA / mo$0.00$0.00$0.00
Total monthly$1,270.24$3,232.25$3,495.63
Cash to close$349,745$45,950$45,950