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$121,188$121,188$314,100
Remaining term (yrs)11.111.130.0
Secondary amount$0$192,912$0
Funding fee$0$0$0
Note rate6.290%6.290%7.400%
Blended rate7.140%7.668%7.640%
1st payment$1,254.71$1,254.71$2,174.76
2nd payment$0.00$1,286.08$0.00
Taxes / mo$132.50$132.50$132.50
Insurance / mo$150.00$150.00$150.00
MI / mo$143.74$143.74$62.82
HOA / mo$50.00$50.00$50.00
Total monthly$1,730.95$3,017.02$2,570.08
Cash to close$227,812$34,900$34,900