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$75,782$75,782$247,500
Remaining term (yrs)10.610.630.0
Secondary amount$0$171,718$0
Funding fee$0$0$0
Note rate6.170%6.170%7.400%
Blended rate7.020%7.700%7.640%
1st payment$805.12$805.12$1,713.64
2nd payment$0.00$1,144.79$0.00
Taxes / mo$202.83$202.83$202.83
Insurance / mo$150.00$150.00$150.00
MI / mo$93.41$93.41$49.50
HOA / mo$444.00$444.00$444.00
Total monthly$1,695.36$2,840.15$2,559.97
Cash to close$199,218$27,500$27,500