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$58,097$58,097$236,700
Remaining term (yrs)8.28.230.0
Secondary amount$0$178,603$0
Funding fee$0$0$0
Note rate5.600%5.600%7.400%
Blended rate6.450%7.620%7.640%
1st payment$728.36$728.36$1,638.86
2nd payment$0.00$1,190.69$0.00
Taxes / mo$219.17$219.17$219.17
Insurance / mo$150.00$150.00$150.00
MI / mo$89.87$89.87$47.34
HOA / mo$0.00$0.00$0.00
Total monthly$1,187.40$2,378.09$2,055.37
Cash to close$204,903$26,300$26,300