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$64,938$64,938$279,000
Remaining term (yrs)7.67.630.0
Secondary amount$0$214,062$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate7.150%7.610%7.640%
1st payment$884.33$884.33$1,931.74
2nd payment$0.00$1,382.48$0.00
Taxes / mo$275.92$275.92$275.92
Insurance / mo$150.00$150.00$150.00
MI / mo$101.20$101.20$55.80
HOA / mo$244.00$244.00$244.00
Total monthly$1,655.45$3,037.93$2,657.46
Cash to close$245,062$31,000$31,000