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$106,682$106,682$270,900
Remaining term (yrs)11.911.930.0
Secondary amount$0$164,218$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate7.220%7.693%7.560%
1st payment$1,061.60$1,061.60$1,860.90
2nd payment$0.00$1,094.78$0.00
Taxes / mo$527.42$527.42$527.42
Insurance / mo$150.00$150.00$150.00
MI / mo$120.60$120.60$54.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,859.61$2,954.40$2,592.49
Cash to close$194,318$30,100$30,100