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$90,928$90,928$269,910
Remaining term (yrs)12.712.730.0
Secondary amount$0$178,982$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.360%7.640%
1st payment$812.76$812.76$1,868.80
2nd payment$0.00$1,193.22$0.00
Taxes / mo$320.50$320.50$320.50
Insurance / mo$150.00$150.00$150.00
MI / mo$104.26$104.26$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,387.51$2,580.73$2,393.28
Cash to close$208,972$29,990$29,990