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$108,753$108,753$278,910
Remaining term (yrs)11.611.630.0
Secondary amount$0$170,157$0
Funding fee$0$0$0
Note rate5.880%5.880%7.320%
Blended rate6.730%7.505%7.560%
1st payment$1,070.00$1,070.00$1,915.92
2nd payment$0.00$1,134.38$0.00
Taxes / mo$435.08$435.08$435.08
Insurance / mo$150.00$150.00$150.00
MI / mo$128.06$128.06$55.78
HOA / mo$240.00$240.00$240.00
Total monthly$2,023.14$3,157.52$2,796.78
Cash to close$201,147$30,990$30,990