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$90,309$90,309$310,500
Remaining term (yrs)12.012.030.0
Secondary amount$0$220,191$0
Funding fee$0$0$0
Note rate5.930%5.930%7.400%
Blended rate6.780%7.468%7.640%
1st payment$869.75$869.75$2,149.84
2nd payment$0.00$1,422.07$0.00
Taxes / mo$108.67$108.67$108.67
Insurance / mo$150.00$150.00$150.00
MI / mo$103.53$103.53$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,231.95$2,654.02$2,470.61
Cash to close$254,691$34,500$34,500