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$62,998$62,998$233,910
Remaining term (yrs)7.67.630.0
Secondary amount$0$170,912$0
Funding fee$0$0$0
Note rate6.380%6.380%7.400%
Blended rate7.230%7.793%7.640%
1st payment$860.37$860.37$1,619.55
2nd payment$0.00$1,139.41$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$97.63$97.63$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,253.84$2,393.26$1,962.16
Cash to close$196,902$25,990$25,990