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$69,857$69,857$296,910
Remaining term (yrs)11.911.930.0
Secondary amount$0$227,053$0
Funding fee$0$0$0
Note rate5.900%5.900%7.400%
Blended rate6.750%7.515%7.640%
1st payment$674.88$674.88$2,055.74
2nd payment$0.00$1,466.38$0.00
Taxes / mo$274.92$274.92$274.92
Insurance / mo$150.00$150.00$150.00
MI / mo$80.59$80.59$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,180.39$2,646.77$2,540.04
Cash to close$260,043$32,990$32,990