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$99,960$99,960$378,000
Remaining term (yrs)38.238.230.0
Secondary amount$0$278,040$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.623%7.640%
1st payment$606.23$606.23$2,617.20
2nd payment$0.00$1,795.67$0.00
Taxes / mo$297.75$297.75$297.75
Insurance / mo$150.00$150.00$150.00
MI / mo$46.22$46.22$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,100.20$2,895.87$3,140.55
Cash to close$320,040$42,000$42,000