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$126,332$126,332$351,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$224,668$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.584%7.560%
1st payment$827.39$827.39$2,411.13
2nd payment$0.00$1,450.98$0.00
Taxes / mo$65.42$65.42$65.42
Insurance / mo$150.00$150.00$150.00
MI / mo$58.53$58.53$70.20
HOA / mo$590.00$590.00$590.00
Total monthly$1,691.33$3,142.31$3,286.74
Cash to close$263,668$39,000$39,000