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$149,423$149,423$355,309
Remaining term (yrs)29.529.530.0
Secondary amount$0$205,886$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.338%7.640%
1st payment$920.65$920.65$2,460.09
2nd payment$0.00$1,329.68$0.00
Taxes / mo$341.67$341.67$341.67
Insurance / mo$150.00$150.00$150.00
MI / mo$68.75$68.75$71.06
HOA / mo$491.00$491.00$491.00
Total monthly$1,972.07$3,301.75$3,513.82
Cash to close$245,365$39,479$39,479